As Apple and Nintendo prepare for a showdown in the portable gaming space,Sony won’t be sitting on the sidelines.

The company unveiled its next generation handheld system Thursday – the successor to its six-year old PlayStation Portable (PSP) device. Additionally, Sony announced a new initiative that would bring PlayStation games to Android-based devices, marking the first time the company has opened up its catalog to third-party systems.

Read more at CNBC.com