https://www.cnet.com/news/psvr-price-cut-camera-bundle/

Last October, Sony's $500 PlayStation VR seemed like the affordable choice in VR headgear -- at least compared to the then-$600 Oculus Rift or then-$800 HTC Vive. 

Now, Sony's issuing a price cut, presumably so the PSVR can stay alive. Facebook and HTC have both drastically cut the prices of their high-end headsets over the past two months -- and rumor has it that Sony's sales may have also slowed.