Sony Cuts PS VR2 Price Amid Inventory Issues

Sony has announced a substantial and permanent price reduction for its PlayStation VR2 headset, effective in March, decreasing from $550 to $400 in the US, with similar reductions in other regions. This price cut comes after reports of stalled sales and excess inventory, as initially the VR2's high cost and reliance on an additional PlayStation 5, along with a lack of backward compatibility with earlier VR games, hindered its market appeal. The price reduction aims to revitalize interest in the device, as it introduces new games and features like low-latency hand tracking. Additionally, the headset is now compatible with PC via an adapter, enhancing its utility beyond the PS5 ecosystem. The price change could also encourage more aggressive retail discounts, potentially improving sales. Sony hopes the adjustments will boost the PS VR2's appeal against cheaper standalone options like Meta's Quest 3S.