Challenges Faced by PlayStation VR2 in the Competitive Market

The production of PlayStation VR2 (PSVR2) has been halted by Sony due to the set not meeting its sales targets for the PlayStation 5 virtual reality system. Since its release on February 23rd last year, PSVR2 headsets have been piling up on store shelves, with sales consistently declining each quarter. Sony has manufactured a total of two million units of PSVR2 since its launch.

The lackluster sales of PSVR2 compared to the PlayStation 5 consoles can be attributed to several factors, with the most glaring one being its steep price. Prior to a price reduction, the retail price of the PSVR2 kit was RM2,799 in a Sony online store in Malaysia. This makes it RM300 to RM730 more expensive than the new versions of PS5 consoles. It is worth noting that the virtual reality gaming market is highly niche, and the high price point of the PSVR2 kit fails to attract a larger audience from the broader gaming market. Furthermore, the limited access to numerous AAA games and the lack of backward compatibility with the game library of the first PSVR set present additional challenges.

Despite its impressive technology, PSVR2 faces an uphill battle. However, there is a glimmer of hope as Sony confirmed at the end of February that they are conducting tests of PSVR2 on PC. This development hints at increased flexibility and potential market expansion for this virtual reality technology.

For more insights into the virtual reality gaming industry and market forecasts, visit the VR World homepage. VR World is a leading source of information on new VR technologies and market research in this sector. Their website offers in-depth analyses, news updates, and market forecasts related to the VR market, including virtual reality gaming.

[Watch a demo of PSVR2 on YouTube here:](https://www.youtube.com/embed/De-__gxCPCI)

The source of the article is from the blog krama.net