Sony Betting on the Metaverse: Will a $360 VR Headset Achieve Wide Adoption?

2022-12-6 18:08

With PlayStation sales slowing down, Sony is betting big on a new, affordable Metaverse headset called the Mocopi. Nowadays, Sony is most famous for the PlayStation. However, with the game sales declining and the profit outlook plummeting for the entire gaming division, Sony has been looking to invest in other ventures and technologies.

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Sony Shares Sink 8% Amid Declining Gaming Sales – Is a PlayStation 5 Coming in 2020?

Shares of Sony fell by 8% after the Japanese entertainment and technology giant recorded a decline in sales and profits. Specifically, Sony’s gaming division, which has become increasingly critical to the conglomerate saw operating income from games fell by 14% to $666 million during the October-December holiday quarter, according to Bloomberg.

2019-2-5 14:55