Shuhei Yoshida, president of Sony Computer Entertainment worldwide studios, has told Edge that Sony NGP and PSP will co-exist when the former launches later this year.
The exec said it wouldn't make business sense to kill off the original PSP because the company's currently "struggling to meet" consumer demand for the platform, which launched in late 2004.
"The NGP features everything Sony can and wants to do today," he said. "It's a platform looking forward with great ambition.
"It can't replace a platform that has already been on sale for seven years now. In terms of pricing, we can't sell the NGP for the same price as a PSP. The PSP has become very affordable and popular, especially with younger generations.
"I think the NGP needs time to mature and get adopted by users," he added. "So, for the time being, both platforms will coexist."
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