Sony has reportedly cut the production of its PlayStation VR2 by 20%, according to trusted insider Ming-Chin Kuo. The high price of the headset, which costs $550 and requires a PS5 console, could be the main reason for its limited appeal. Recent reports claim that the PS VR2 is not selling too well, and Sony expects to sell less than 300K units by the end of March. Despite offering an improved virtual reality experience and games like Gran Turismo 7, buyers may be deterred by the expensive price tag. Future discounts could help boost sales, but nothing is confirmed yet, and official confirmation is needed to confirm the reports.