The PlayStation VR2 will get a drastic price cut, but that might not be enough

Summary

• Gaming giant Sony has slashed the prices of its virtual reality (VR) headsets in a bid to shift stock, and boost interest and sales in its headsets.
• In March, the PSVR 2 will drop from $550to$400 in the US, with corresponding cuts in Europe and the UK, and a slight tweak for Japan, where pricing will fall to 66,980 yen.
• The price cut may also boost interest in the headset in the US, where it lags behind the PC VR market.
• Sony has suffered from weak software support since the headset launched in early 2023, with the non-backwards compatibility of the device also limiting its appeal.
• Sony stopped production of the devices shortly after their launch due to poor sales, with the company unable to move inventory.
• The VR market more broadly has also slowed recently, with much of the action left to Meta’s Quest platform.

By Samuel Axon

Original Article