Following disappointing pre-order results, Sony has decided to cut back on the production of the PlayStation VR2 headset.

Sony has scaled down its projections for the PSVR2 launch as pre-order interest has been less than stellar, highlighting a stagnation in the virtual reality market, despite initial excitement, as noted by Bloomberg. reports .

The company, based in Tokyo, has reduced its expected shipment numbers for the PSVR2, which is set to launch on February 22, from an initial goal of 2 million units to just 1 million. This adjustment aims to enhance the adoption of their advanced headset in the VR landscape.

Sources from Bloomberg have revealed that Sony has notified its supplier to anticipate a decrease in orders for display screens, with plans to ship approximately 1.5 million PSVR2 units from April 2023 through March 2024, although this might shift depending on market demand.

Sony began accepting PSVR2 pre-orders on a limited scale in November before expanding availability to everyone. However, the headset is only compatible with the PlayStation 5 console, which is priced at $499.99, while the PSVR2 itself costs $549.

An insider acquainted with Sony's strategy mentioned that the company had high hopes for the sales of launch titles, particularly Horizon: Call of the Mountain, a title within the Horizon franchise. Yet, the high cost of the hardware seems to be a deterrent for many potential buyers.

"Many view the PSVR2 as little more than a pricey accessory for the PS5,\" remarked Damian Thong, a Macquarie Capital analyst, in a conversation with Bloomberg.

Conversely, Palmer Luckey, the founder of Oculus VR, expressed admiration for the new headset, stating, \"The initial PSVR was probably the standout success of its generation, and I believe this version will surpass that achievement.\"

The launch of the PSVR2 coincides with a downturn in demand in the VR market. Following a $100 price increase in August 2022, sales of the Meta Quest 2 headset have plummeted, leading Meta to pivot towards its latest device, the Meta Quest Pro, which is just a few months old. tested the PSVR2 earlier this month Major players in the tech sector, including Meta and Microsoft, have scaled back their VR endeavors as part of broader company restructuring efforts. Despite the prevailing weak demand, projections for the future of AR and VR technology remain optimistic, suggesting a promising outlook ahead.

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