Sony Bets Big On VR Sector, Ramps Up VR2 Headset Production

Sony Bets Big On VR Sector, Ramps Up VR2 Headset Production
  • Sony Group Corp SONY plans to produce about two million units of PlayStation VR2 headsets by March 2023.
  • The virtual reality goggles production began in September 2022 and has cruised through without being affected by the supply chain problems, Bloomberg reported.
  • The company expects the demand for PSVR2 to be robust compared to its preceding offering, VR goggles for PlayStation 4.
  • Users will need a PlayStation5 console to use the VR headset.
  • Sony is yet to come out with an official price or release date for the PSVR2.
  • Also ReadHow Bill Gates Almost Killed Xbox: 'This Is An Insult To Everything I've Done'
  • The VR sector is still an uncracked territory for companies, amidst the economic slowdown and a surge in materials costs following Russia's invasion of Ukraine, making matters worse.
  • The other major players in the area include HTC Corp and Oculus, a part of Meta Platforms Inc META.
  • Price Action: SONY shares closed lower by 1.57% at $64.05 on Friday.

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