Sony may have cut the output for its PlayStation VR2 headset after weak pre-orders
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Sony (NYSE:SONY) has reportedly drastically lowered the output for its upcoming PlayStation VR 2 headset following weaker-than-expected preorders.
The Japanese entertainment and technology conglomerate lowered its shipment forecast of the virtual reality headset to roughly 1M units this quarter, down from a previous estimate of 2M units, Bloomberg reported, citing people familiar with the matter.

The device, which retails for $549.99, is slated to go on sale on February 22.
Tokyo, Japan-based Sony (SONY) unveiled the VR2 headset, which competes with offerings from HTC and Meta Platforms (META) Oculus, this past February.
Sony (SONY) shares fell 1.6% to $87.90 in premarket trading on Tuesday.
Last week, Sony (SONY) gaming chief Jim Ryan met with EU antitrust head Margrethe Vestager Wednesday to discuss Microsoft's (MSFT) proposed deal to buy Activision Blizzard (ATVI).