Sources told the newspaper the devices will reportedly tap into Sony's upcoming online media platform, which launches later this month. Currently called Sony Online Service, the media platform is similar to Apple's iTunes.
Does Sony's comeback bid smack of desperation?
"They should have done this years ago, now it's kind of like closing the barn door after the cows have escaped," says analyst Rob Enderle of the Enderle Group.
"Apple took the market by trying to do other things, and that's likely the way to take it back ... Sony still seems to be trying to figure out what Apple did so they can copy it."
Sony hopes to leverage its strength in portable gaming by letting more devices tap into its popular gaming catalog. The new device, for instance, will blend features of a netbook, e-reader and Sony PSP, the Wall Street Journal reports.
All of this comes amidst troubling times for Sony. Shipments of Sony Ericsson phones took a dive last year, and Sony recently reduced its forecast for Sony PSP shipments.
Sony's latest PSP Go device has been criticised for its weighty price tag of around £170.
Meanwhile, game developers see the potential for the upcoming Apple iPad as a powerful portable gaming platform.
"The number of developers working on that platform-a large number on entertainment titles-is both impressively large and growing," Enderle says.
"We don't view the iPhone negatively in our sector," he said.
"There's been more positive impact, in terms of attention turned to the handheld sector and the ability for consumers to graduate to PSP after playing iPhone games."
Will consumers give Sony's new products a chance? Despite Sony's copycat approach to the mobile market, Enderle doesn't count out Sony's chances.
He thinks Sony's best shot is to come out with a low price for its new devices and service.
"We aren't at the right price yet for this [mobile] market to explode," Enderle says.
"The problem is the cost of the data plans, and it may take a few years before that gets fixed. Once these costs come down sharply, expect the market to explode-and explosions do create opportunities."
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