TechSony PSVR 2 needs price cut to avoid “complete disaster” says analystLacklustre sales suggest that Sony will need to reduce the price of its virtual reality gaming headsetWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
TechSony PSVR 2 needs price cut to avoid “complete disaster” says analystLacklustre sales suggest that Sony will need to reduce the price of its virtual reality gaming headsetWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
Lacklustre sales suggest that Sony will need to reduce the price of its virtual reality gaming headset
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
(Image credit: Sony)
(Image credit: Sony)
Little over a month after launch, a new report suggests thatSony’s PSVR 2 headset is headed for a price cut to help combat lacklustre early sales.
“I suspect a price cut on the PSVR 2 will be needed to avoid a complete disaster of their new product,” said IDC president of data and analytics Francisco Geronimo. He later added: “Consumers around the world are facing rising costs of living, rising interest rates and increasing layoffs. VR headsets are not top of mind for most consumers under the current economic climate”.
T3 has reached out to Sony for comment.
PSVR 2 was released globally on February 22nd at a price point of £529.99 / $549.99 / AU$879.95. While no games were included in the standard package, 37 titles launched on the day – including its flagship game,Horizon: Call of the Mountain,which did receive its own bundle. Its price of entry is higher than the cost of a PS5 console at $499.99 / £479.99 / $749.99 and is needed to run the VR headset, however, many of its competitors require a high-end PC to fulfil the same job.
Sony previously responded to Bloomberg’s report regarding PSVR 2 productions numbers (viaGamesIndustry.biz) saying that it had “not cut” its outlook and was “seeing enthusiasm fromPlayStationfans”. Sony has yet to comment on the latest Bloomberg report.
The original PSVR launched in October 2016 and surpassed more than five million sales in its first three years. Earlier this month,VGCreported that at the Morgan Stanley tech conference, Sony chief financial officer Hiroki Totoki shared his belief that PSVR 2 has a “good chance” of surpassing sales of the first headset.
Sign up to the T3 newsletter for smarter living straight to your inbox
Get all the latest news, reviews, deals and buying guides on gorgeous tech, home and active products from the T3 experts
T3 tech editor Mike Lowe was full of praise for the unit in hisPSVR 2 review: “Sony has crafted a mighty impressive virtual reality kit for the PS5 that’s entirely comfortable and has the scope to deliver truly immersive, impressively detailed games”. That said, he did lament the headset’s price meaning it wouldn’t be for everyone.
Today’s best Sony PlayStation 5 deals27 Amazon customer reviews☆☆☆☆☆$299ViewFortnite Cobalt St…$499.99$424.99View$448ViewShow More DealsWe check over 250 million products every day for the best prices
Today’s best Sony PlayStation 5 deals27 Amazon customer reviews☆☆☆☆☆$299ViewFortnite Cobalt St…$499.99$424.99View$448ViewShow More DealsWe check over 250 million products every day for the best prices
Today’s best Sony PlayStation 5 deals
27 Amazon customer reviews☆☆☆☆☆
27 Amazon customer reviews☆☆☆☆☆
☆☆☆☆☆
$299ViewFortnite Cobalt St…$499.99$424.99View$448View
$299View
$299View
$299View
$299
$299
Fortnite Cobalt St…$499.99$424.99View
Fortnite Cobalt St…
Fortnite Cobalt St…
Fortnite Cobalt St…
Fortnite Cobalt St…
Fortnite Cobalt St…
$499.99$424.99View
$499.99$424.99View
$499.99$424.99
$424.99
$448View
$448View
$448View
$448
$448
Show More Deals
Show More Deals
We check over 250 million products every day for the best prices
We check over 250 million products every day for the best prices
TOPICSsonyplaystation
TOPICS
If you ever needed proof that cassette players are back, this is itWe Are Rewind has made a portable tape deck so retro it should appear from nowhere in a DeLorean
We Are Rewind has made a portable tape deck so retro it should appear from nowhere in a DeLorean
PS5 could finally be getting Gears of War and Halo after game-changing decisionThe age of exclusives is coming to an end
The age of exclusives is coming to an end
I’m finally playing a game that makes my PS5 Pro feel worth itKingdom Come: Deliverance II is a visual powerhouse
Kingdom Come: Deliverance II is a visual powerhouse
PS Portal gets a stealthy upgrade, now I’m finally going to have to buy oneThe handheld now comes in a stunning black
The handheld now comes in a stunning black
Sony XYN Headset could be an Apple Vision Pro killer, but only for a select fewA new mixed reality headset is coming from Sony
A new mixed reality headset is coming from Sony
Sony ULT Field 1 review: a new contender on durabilitySony’s rugged little speaker makes a good impression
Sony’s rugged little speaker makes a good impression
Should I buy the PS5 Pro? Six weeks into ownership, here’s my honest opinionIt’s a complicated question, and I’ve got thoughts
It’s a complicated question, and I’ve got thoughts
Nintendo Switch 2 could end the console wars forever, claim expertsEither Sony or Microsoft could be forced to withdraw
Either Sony or Microsoft could be forced to withdraw
PSVR2 just got a game-changing update, but Sony’s keeping quiet about itHand tracking will change the way you play, but Sony’s hardly mentioned it
Hand tracking will change the way you play, but Sony’s hardly mentioned it
Sony PS Vita 2 could snatch the handheld crown from Switch 2 and Steam DeckIndustry experts “confirm” Sony is working on an all-new handheld console
Industry experts “confirm” Sony is working on an all-new handheld console
