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As more and more people move to adopt virtual reality (VR) for gaming, the hardware market is beginning to heat up. In July, the Oculus Rift VR headset was slashed from $599 down to $399. HTC also chopped the price of the Vive VR headset by $200, bringing the cost of entry to a permanent $599.
Sony is used to being one of the cheaper points
Source: Hot Hardware – Sony Chops PlayStation VR Price To 9 Amid Fierce Competition From HTC Vive And Oculus Rift