PSVR2 Struggles to Gain Traction Due to Limited Games and High Price
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Despite great hardware, PSVR2 has lacked must-have exclusive games from Sony to drive adoption. So far it only has 3 true exclusives, far fewer than Meta's Quest.
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Major Sony studios working on PSVR, like London Studio, have faced layoffs, signaling Sony is de-prioritizing VR development. This mirrors issues with abandoned platforms like PS Vita.
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PSVR2 sales have badly undershot expectations, selling only around 1 million units so far versus a 2 million unit production run. Meta still holds 75% VR market share.
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Broad retail delays and high $550 price have further hurt PSVR2's appeal. Sony's marketing has also been criticized as lackluster.
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While upcoming PC VR support expands PSVR2's library, flat growth in PC VR market may limit impact. Long-term prospects look "bleak" without more Sony first-party exclusives.