Since the PSVR2 debuted, Sony has gone all in by producing well over two million units. Sales have seen a slowing down significantly, which has caused unsold stock to build up. However, the timing was the biggest issue, and VR wasn’t selling well – until Apple’s Vision Pro entry landed.
Now, it’s forecast that the VR Market will start to grow by an average of 31.5 per cent per year between this year and 2028. Until now, Sony and Meta are the two leading purveyors of VR gear, but both have been struggling to hit the mark.
News of the rumoured VR production pause comes after Sony announced the closure of its PlayStation London division, which focused on making virtual reality games.
According to Macquarie analyst Yijia Zhai, the high price of VR hardware is the foremost hurdle to its expansion.
“Currently, there are limited games that support VR devices, and that will also lead to lack of motivation for players to purchase VR hardware.
This limited content also has a reason – the development cost for VR games is substantially higher than normal titles.”
However, Sony plans to make its VR hardware far more appealing and fast by working on a way for gamers to use their PSVR2 headset to access VR titles on PC.
What are your thoughts on all this? Let us know in the comments.