Demand is falling and inventories are rising. Sony halted production of PS VR2

A month ago, Sony announced the compatibility of PS VR2 with PC, which is supposed to be released later this year and become a lifesaver for the semi-failed VR headset. Continuing the story, Bloomberg reports, citing informed sources, that Sony has been forced to halt the production of PS VR2, as demand is decreasing while stock levels are increasing.

There is no need for additional batches of PS VR2 until Sony sells out the existing stock of devices. Bloomberg's sources do not provide specifics regarding the accumulated volume of goods, only noting that Sony has shipped more than 2 million PS VR2 headsets since its release in February 2023.

According to IDC, sales of PSVR2 have been declining quarterly since its debut. Meanwhile, analysts predict a resurgence in demand for VR headsets thanks to Apple, which recently entered this market with the popular Vision Pro. According to IDC's forecast, the VR market is expected to grow by an average of 31.5% annually between 2023 and 2028.

Sales Decline Dynamics of PS VR2 since the Beginning of Sales

Sony did not respond to Bloomberg's request and has not yet commented on reports of declining PS VR2 sales.

Recall that sales of PS VR2 started in February 2023 at a price of $550. The relatively high price became one of the factors restraining the headset sales. Another significant factor is the limited choice of games. Currently, there are about 160 games available on PS VR2, so compatibility with PC should help expand the game library and the attractiveness of the headset. It is worth remembering that the recent business restructuring and massive layoffs have affected many projects - the London-based PlayStation Studios, which was working on VR games, ceased to exist. Even the sacred Guerrilla Games, which developed the exclusive Horizon Call of the Mountain in the popular Horizon series, did not escape the layoffs.