The PlayStation VR 2 isn't off to a good start, but if it's any consolation, it's not alone.

According to industry analyst, Ming-Chi Kuo, "there is currently insufficient evidence to suggest that AR/VR headsets can become the next star product in consumer electronics in the foreseeable future."

Kuo also reported that the low sales have forced Sony to cut down production on the PlayStation VR 2 by as much as 20%. This lines up with earlier reports that the PSVR 2 wasn't selling well, which many expected due to its exorbitant price point.

With Apple, Meta, and Sony, all struggling in the VR market, analysts are right to feel bearish about VR.