01:20 PM EST, 02/27/2025 (MT Newswires) -- Sony Group's ( SONY ) PlayStation said Thursday that the recommended retail price of PlayStation VR2 will be lowered to $399.99, starting in March.

The device was priced at $549.99 when it was originally launched in February 2023.

PlayStation said in a blog post that prices will also be reduced to 449.99 euros in Europe, 399.99 British pounds in the UK, and 66,980 Japanese yen in Japan, though the starting date may vary by country or region.

Shares of Sony ( SONY ) were down over 1% in recent trading.

Price: 25.17, Change: -0.29, Percent Change: -1.14