Sony Slashes Handheld Game Consoles Target as Vita Struggles

Sony’s Vita and PlayStation Portable handheld game consoles continued to struggle in the crucial holiday shopping season, but the company shrunk its overall losses from a year ago and is still on track to return to profitability this fiscal year.

The Tokyo-based electronics manufacturer on Thursday cut its global sales target for its portable games consoles by 30 percent, saying it now targets 7 million units versus the 10 million it predicted in November. The Vita launched from February last year in much of the world, making 2012 its first full holiday season.

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