Contrary to conventional wisdom, the best-selling consumer electronics products aren't necessarily a company's latest or highest-end products; mass-market customers often gravitate instead towards affordable models with good enough performance. That's the reason console makers keep last-generation models around after launching superior sequels: as long as there's a promise of at least token continued support, "old" hardware is still viable.
Yesterday, Sony officially embraced that strategy for its 2.5-year-old virtual reality headset PlayStation VR, and in so doing may have saved a great device from an unnecessarily early death. PSVR has spent almost half of its relatively short life clouded by premature discussions of a sequel, and it's clear that many potential PSVR customers considered the investment a leap of faith — particularly at the tail end of the PlayStation 4's life cycle.
Even so, PSVR managed to become the world's most popular tethered VR headset: over 4.2 million units had been sold as of last month, with continued sales attributable to price drops and an increasingly spectacular software catalog. Yet with an installed base of over 90 million PlayStation 4s, the VR headset clearly could be selling even better. With a mass-market-friendly $199 price tag, the only thing it was missing was a guaranteed future.
By confirming yesterday that the PlayStation 5 won't arrive this year, and that it will continue to be PSVR-compatible, Sony's senior PlayStation system architect Mark Cerny effectively threw the PSVR the lifeline it has needed for at least a year. While the announcement doesn't preclude Sony from launching a more powerful PSVR 2 in the future, it makes clear that the 80-plus-million PlayStation 4 owners without PSVRs can buy in now without fear of wasting their money.
Importantly, Cerny went even further, promising that the next PlayStation will be able to play PS4 games — an explicit promise that PSVR software purchased today will work on next year's machine. Since PS3 owners didn't get that sort of guarantee with the PS4, it's a big deal for PS4 users to get that assurance with the PS5, and gives everyone reasons to continue spending money on Sony software.
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