
According to a report from Reuters, Tencent is abandoning all plans it had for VR hardware, in part to cut costs due to global economic difficulties. The report notes that the tech giant and games publisher intended to develop both VR software and hardware as part of an "extended reality," or XR unit, it opened last year. This XR unit hired nearly 300 people, but these employees have apparently been advised to look for other work.
Sony will be launching its PlayStation VR 2 next week, and in GameSpot's PlayStation VR 2 review, Tamoor Hussein wrote, "But much of what it offers can be found on cheaper devices like the Quest 2, which has the added benefit of being standalone and wireless. For enthusiasts--and people willing to push through motion sickness, like me--it's very impressive hardware that needs more software to actually impress them."