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You have to sell VR to make VR.

Justin Carter, Contributing Editor

March 18, 2024

1 Min Read
Screenshot of the PlayStation VR2.
Image via PlayStation.

At a Glance

  • The PlayStation VR2's supply conundrum comes druing a larger hesitance towards virtual reality and its pricey entry point.

According to Bloomberg, Sony needs to sell its unsold stock of PlayStation VR2 headsets so it can make more.

Since its February 2023 launch, sales of the VR device have slowed "progressively" with each quarter. In proportion to those declining sales, inventory has gone up throughout Sony's supply chain.

2 million units of the PSVR2 were prepared ahead of launch, which Sony openly touted. While it outsold the original PlayStation VR in a number of weeks, Sony's since been vague on the device's sales performance.

In March 2023, an analyst suggested it would behoove Sony to cut the PSVR2's price to draw in more buyers. As it stands, the device is $550, more than an actual PlayStation 5.

How VR fell out of favor

The PlayStation VR2 has somewhat fallen out of grace in just a year, but its issues are part of a larger VR downturn.

Headset pricing has often made VR a hard sell. In 2022 and 2023, Meta raised (then lowered) the price of various Quest headsets because the original asking price ranged between $499-$1,500.

While the PSVR2 has a sizable library, most of it comes from third-party studios. Its VR-heavy studio, Sony London, was closed down last month as it was working on a live-service title.

This past February, Sony said it was working on giving PC support to the PSVR2. That support is reportedly coming later in the year, and if it works well, may get the device out of its funk.

About the Author(s)

Justin Carter

Contributing Editor, GameDeveloper.com

A Kansas City, MO native, Justin Carter has written for numerous sites including IGN, Polygon, and SyFy Wire. In addition to Game Developer, his writing can be found at io9 over on Gizmodo. Don't ask him about how much gum he's had, because the answer will be more than he's willing to admit.

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