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Sony allegedly halts PS VR2 production to clear up existing inventory

Sony launched the PS VR2 headset back in February of 2023, with a lot of confidence in its success. That hasn't materialized into actual huge sales numbers, however, and today a rumor claims the company has chosen to halt production of the headset in order to clear up existing inventory. Sony is allegedly sitting on a pretty large stockpile of PS VR2s, amid dwindling sales that have shrunk every single quarter since the headset's release. IDC says Sony moved 595.5K units in Q1 last year, 435.5K in Q2, 343.6K in Q3, and…

PlayStation VR2 production was reportedly paused by Sony

Sony Sony is reportedly pausing production of the PlayStation VR2 headsets because it has a backlog of unsold headsets. This report comes from Bloomberg, which claims that PSVR2 sales have slowed every quarter since its February 2023 release, causing stocks of the device to build up. It says Sony has produced 2 million headsets but reportedly hasn’t sold through them yet. As a result, it’s apparently pausing the production on new units until it works through some of that backlog, according to Bloomberg’s anonymous…

Unsold PSVR2 headsets cause Sony to reportedly pause production

Sony is reportedly pausing production of its PSVR2 headsets, an accessory for the PS5, due to a backlog of unsold units. As reported by Bloomberg, people familiar with Sony’s plans have claimed that the company has paused production of the PSVR2 until it manages to sell the backlog that has accrued. Sony has apparently produced “well over 2 million units” of the PSVR2, but has sold just 1.3 million since launch. According to Macquarie analyst Yijia Zhai, interviewed by Bloomberg, “The high price of VR hardware acts as…

Fisker to Pause Production for Six Weeks

The electric-car company is pausing production as it continues deal talks and works to keep the business running. The electric-car company is pausing production as it continues deal talks and works to keep the business running. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their…

Sony may have paused PS VR2 production to clear a backlog of unsold units

The doesn’t seem to have been a major hit for . Just over a year , the company has paused production until it deals with a stockpile of unsold inventory, according to .The company is said to have manufactured well more than 2 million units. According to analysts at IDC, the company sold around 1.7 million headsets in 2023. Perhaps most concerningly for Sony, sales appeared to have slowed significantly throughout the year. Hardware sales often pick up ahead of the holidays, but the fourth quarter was the most sluggish…

Fisker (FSR) pauses EV production after missing interest payment

EV startup Fisker (FSR) is pausing EV production for six weeks as its financial struggles worsen. Fisker looks to get its finances in order after failing to make an interest payment. The EV maker did get a commitment for up to $150 million in financing, but will it be enough? Fisker is halting production as EV woes worsen Fisker reiterated there is “substantial doubt” in its ability to continue operations after missing an interest payment. According to an SEC filing on Monday, Fisker is pausing…

Sony is reportedly pausing PSVR2 production to clear excess inventory

After producing in excess of two million units of its latest virtual reality headset, Bloomberg is reporting that Sony is hitting pause on production to try and shift its unsold inventory. The PlayStation VR2 launched last February for $549 as an accessory for the PlayStation 5, but IDC data suggests that shipments have declined each quarter since.Bloomberg suggests that the problem is a lack of content for the headset. The PSVR2 is compatible with a handful of AAA games including Horizon Call of the Mountain, Gran…

Sony Hits Pause on PS VR2 Production as Unsold Inventory Piles Up

Sony Group has paused production of its PS VR2 headset until it clears a backlog of unsold units, according to people familiar with its plans, adding to doubts about the appeal of virtual reality gadgets.Sales of the $550 wearable accessory to the PlayStation 5 have slowed progressively since its launch and stocks of the device are building up, according to the people, who asked not to be named as the information is not public. Sony has produced well over 2 million units of the product launched in February of last year,…

Nigeria’s crude oil production rose in February – OPEC

Nigeria’s crude oil production rose in February, data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. Oil production from the 12 members of the organisation, OPEC, averaged 26.57 million barrels per day (mb/d) in February 2024, higher by 203 thousand barrels per day (tb/d) month-on-month, OPEC said in its Monthly Oil Market Report released Tuesday. “According to secondary sources, total OPEC-12 crude oil production averaged 26.57 mb/d in February 2024, 203 tb/d higher, month-on-month.…

CBN speaks on fertiliser donated to boost food production

The Central Bank of Nigeria (CBN) has provided clarifications regarding its recent donation of 2.15 million bags of fertilisers to farmers across the country through the Federal Ministry of Agriculture and Food Security. The CBN had on Wednesday donated fertilisers valued at over N100 billion at current market prices, aiming to support domestic agricultural production and address rising food inflation. Inflation in Nigeria has continued to rise largely because of the high cost of food items. As of February, the…