Last year, NAND flash makers found themselves in a similar situation.

Their solution was to dial back production, and it seems to have worked.

NAND flash industry revenue increased nearly 25 percent in Q4 following the changes.

Sony pauses PlayStation VR2 production as excess inventory piles up

Will it work for Sony’s VR headset, too?

The second-generation PlayStation VR launched in February 2023 to what seemed like a warm enough reception.

Sources familiar with the matter toldBloombergthat sales have steadily slowed since launch.

Market intelligence firm IDC told the publication that shipments have declined each and every quarter since launch.

The high price of entry is no doubt hampering adoption, as is a lack of compelling games.

The PlayStation maker is also working to make its flagship headset compatible withPC VR titles.

Modern virtual reality has been around for roughly a decade now.

Still, IDC analyst Francisco Jeronimo isn’t ready to give up on the category.