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Sony Says VR Needs More Competition to Build Audience

Sony Says VR Needs More Competition to Build Audience

By Reuters | Updated: 25 September 2017 11:27 IST

Highlights

Sony says virtual reality gaming market needs more competition
Sony has sold more than 500,000 headsets in the three months through June
It expects to post its highest-ever operating profit this financial year

Sony's gaming chief on Friday said the virtual reality gaming market needs more competition to drive adoption of the technology and spur software development, adding the sheer size of Sony's lead over rivals is cause for discomfort.

Sony's VR headset has built a dominant position in the nascent market since going on sale last year, undercutting competitors on price and drawing on its sales of 60 million PlayStation 4 consoles, to which the headset is tethered.

"I'm not entirely comfortable being the market leader in VR by such a margin that seems to be happening right now," Andrew House, chief executive of Sony Interactive Entertainment, said in an interview.

"With such a brand new category you want a variety of platforms all doing well to create that rising tide and create the audience."

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Sony has sold more than 500,000 headsets in the three months through June, showed data from IDC, giving it an "unmatched" lead over rivals such Facebook Inc's Oculus Rift and HTC's Vive, the researcher said.

Sony's gaming business has been a driving force in helping the Japanese conglomerate turn around from years of losses in consumer electronics.

The unit expects to post its highest-ever operating profit of JPY 180 billion ($1.6 billion or roughly Rs. 10,396 crores) in this financial year through March - a forecast House reaffirmed.

House also said Sony is not seeing any impact on PlayStation sales from the arrival this year of Nintendo's hybrid handheld-and-home Switch.

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