Sony's PlayStation VR2 has not met sales expectations since its early 2023 launch, prompting a significant price reduction from $550 to $400 in the US. Other regions will see similar cuts. The headset's weak software support and lack of backward compatibility with PSVR games have compounded sales issues. This pricing strategy could either aim to clear inventory or reinvigorate the platform. Despite some new game announcements, the overall VR market is in decline, with Meta's Quest dominating the space.
Sony's original PlayStation VR for the PS4 was a market success, but the PSVR2's lack of software support has led to disappointing sales, prompting a significant price drop.
To revive interest and clear unsold inventory, Sony is reducing the PSVR2 price from $550 to $400 in the US, with similar cuts in Europe and Japan.
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