Is reality biting already for PlayStation VR2?

Plus Samsung earnings, a foldable iPad, and more

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There are early signs that the PlayStation VR2 might not be quite as hot a ticket as the PS5.

Takashi Mochizuki, reporting for Bloomberg:

Sony Group Corp. reduced projections for the initial launch of its PlayStation VR2 headset dramatically after early pre-orders disappointed, signaling little improvement for the hyped-but-unproven virtual reality sector.

The company halved its forecast for shipments of the PS VR2, which is set for a Feb. 22 release, this quarter to about a million units, said people familiar with its deliberations. Sony had previously aimed to have 2 million headsets ready for the launch quarter and leverage its second-generation headset to drive user growth and adoption for VR.

The Tokyo-based electronics giant has told a supply partner to expect reduced display panel orders, according to the people, who asked not to be named as the information is not public. The company now plans to ship around 1.5 million units between this April and March next year, they added, though that figure may be adjusted further in response to demand.