Sony halts PlayStation VR 2 shipments due to lower pre-orders

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Sony halts PlayStation VR 2 shipments due to lower pre-orders

Sony Group Corp SONY has slashed its forecast for shipments of the PlayStation VR 2 scheduled to go on sale on February 22.

Sony has reduced its production of its much-hyped PlayStation VR 2, despite its pre-orders being much lower than anticipated, according to Bloomberg.

See also: Sony s PlayStation 5 Shortage Is Over: More than 30 Million Units Sold

Sony was originally aiming to have two million headsets ready for the launch, but now it has halved its forecast for this quarter, according to people familiar with the deliberations.

The company plans to ship approximately 1.5 million VR 2 units between April 2023 and March 2024, although this figure is subject to adjustment with respect to demand.

Sony has told a supply partner not to expect fewer display panel orders than what was forecast previously.

Why is it important that the VR industry is struggling, because of the drop in demand.

Meta Platforms Inc. META Quest 2 sales fell significantly after the tech giant raised the product's price. The report noted that Microsoft Corporation MSFT has decided to cut back its AR MR headset HoloLens goggles.

Apple Inc. AAPL is expected to launch its first-ever MR headset in Spring this year. It is yet to be seen how the changing dynamics of the VR industry will affect the launch of the Cupertino-based giant's latest flagship product.

Sony has previously indicated that the PlayStation VR 2 headset and Sense Controllers will be available at a price of $549.99.

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