Sony halts production of PlayStation VR2 amidst inventory surplus, with 2 million units unsold.

Shipments of PSVR 2 fell short of production numbers, with less than 1.7 million units shipped in 2023.

Company faces setbacks following the closure of the Blood & Truth developer studio and layoffs at Horizon: Call Of The Mountain studio.

No new first-party or AAA titles announced for PSVR 2's first anniversary; instead, Sony plans to provide PC access to PSVR 2 owners.

Sony aims to expand PSVR 2's utility by making it compatible with PC VR games, indicating a pivot in strategy due to uncertain exclusive content prospects.

Despite production pause and market challenges, Sony maintains the PSVR 2's $550 price point without specifying when production will restart.

Sony introduces a new 'xtended' reality headset targeting business and professional use, suggesting a strategic diversification beyond gaming.