Sony has ruled out any chance of a PlayStation Vita price cut in 2012, so those holding out for one will have to wait awhile.

When asked by Eurogamer if Sony would drop the price of the handheld this year, Worldwide Studios boss Shuhei Yoshida replied, “No. It’s too early.”

He did go on to mention that the team is working hard to reduce the price in the future, “Of course, cost reduction is one area our engineering team is working on. But we just launched the platform earlier this year. It takes time to do so.”

“At a certain point in the future we would like to address the pricing issue for some of the people who are waiting. But this year we are trying to add value by creating different types of bundles. We announced we will provide LittleBigPlanet Vita bundle pack. That’s affordable for people who are looking for a good deal.”