No, Sony Is Not Working On A PlayStation Vita Successor...

The gaming community became excited when a patent filed in South Korea by Sony was revealed to be what people assumed was a game cartridge for a PlayStation Vita Successor. However, the patent was simply for a children's toy Sony is creating called the Sony Toio. Subscribe to ReviewTechUSA for more great content!

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Sources cited in this video:
https://www.theverge.com/2018/11/27/18114183/sony-electronic-cartridge-game-patent-playstation-vita-successor
https://www.youtube.com/watch?v=m6j2cLEwRsY
https://www.sony.net/SonyInfo/design/stories/toio/
https://www.google.com/search?q=nintendo+labo+release+date&oq=nintendo+labo+re&aqs=chrome.2.0j69i57j0l4.9839j0j8&sourceid=chrome&ie=UTF-8