The PlayStation Vita, Sony's latest portable handheld system, has reached a staggering 1.2 million sales worldwide as of February 26th. The PS Vita experienced an initial burst of momentum when it launched on December 17, 2011 in Japan followed by Hong Kong, Taiwan and South Korea.

Newly launched in North and Latin America, Europe and PAL territories as well as in Singapore on February 22, 2012, sales have exceeded expectations surpassing over 1.2 million units worldwide, firmly establishing PS Vita as the must-have portable entertainment device across the world.

“PS Vita was designed to deliver the ultimate portable entertainment experience, and we couldn’t be more thrilled with the reaction we’re seeing from consumers and the pace at which PS Vita is selling,” said Andrew House, President and Group CEO, Sony Computer Entertainment Inc.

“The market has responded and there is clear demand for a mobile device capable of providing a revolutionary combination of rich gaming and social connectivity within a real world context. To sustain momentum, we’re working closely with 3rd party developers and publishers to ensure the best games and franchises possible will be available on PS Vita, and our software line up for the remainder of 2012 will have something for everyone across the globe.”

The PS Vita is proving to be a much sought after piece of technology, and with so much potential it's going to be really interesting to see how far Sony can go. Currently there are 25 Vita titles available, as well as support for PSP games via the PSN.

Here at AusGamers we were lucky enough to get our hands on the Wifi version as well as the 3G version, and you can check out our impressions on this really awesome piece of technology over here. Let us know your thoughts on the PS Vita in the comments below, especially if you're a owner of this shiny new piece of hardware.