It's expected to be released in the first half of 2016.
At the company’s Tokyo Game Show press conference, Sony announced that its new virtual reality system will be called the PlayStation VR, Engadget reports.
This is the only information the company shared about its new virtual reality system during the press conference. Masayasu Ito, the PlayStation product business president, spoke about the name:
Ito added that Sony will continue to refine the hardware in the months prior to PlayStation VR’s launch. There is still no set release date, but we can expect it to come out early next year.
Sony’s virtual reality system supposedly has a significant advantage over its competition because it can be processed by the PlayStation 4 and therefore doesn’t require additional purchases by the user.