The PlayStation Vita was launched in 2012.
The disclosed communication indicates that it will be at the end of the fiscal year 2018, which for Sony ends on March 31, 2019, when the PlayStation Vita Game Card will be discontinued, so that from that date, the console will only maintain the content distributed digitally. It delivered on that promise initially, giving us many good diminutive versions of the company's best games.
This is not to say that there are no new games for the PS Vita. Unfortunately, the same cannot be said for the PlayStation Vita.More news: Trailer: BlacKkKlansman - Directed by Spike Lee
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While digital software for the handheld will still be available, you won't be able to head into brick-and-mortar retailers and buy a physical copy of a PS Vita game in the near future. Kotaku reports today that Sony's American and European units told developers that they "plan to end all Vita GameCard production by close of fiscal year 2018". They've now made it even clearer: they're going to stop making PlayStation Vita carts.
Note that the announcement specifically calls out America and Europe as halting production of physical Vita games.
That multiplayer update is now in open beta testing on PC, and will head first to Nintendo Switch before spreading to PS4 and Xbox One later down the line. A combination of other factors - including Sony's instance on utilising overpriced, proprietary memory cards - pushed the Vita out of the price range of many gamers.