Sony have admitted that the PlayStation VR will be a little less powerful than competing VR technology such as the Oculus Rift and HTC Vive, however, they promise that this will pay off with affordability and mass-market appeal; something which competing technology may not offer.

Whereas the Rift and Vive require expensive, powerful gaming PCs, the largest advantage with the PSVR is that it will work with the PS4; a far more affordable system than a gaming PC. Masayasu Ito, the executive vice president of PlayStation told Polygon: ““If you just talk about the high-end quality, yes, I would admit that Oculus may have better VR. However, it requires a very expensive and very fast PC. The biggest advantage for Sony is our headset works with PS4.”

The PlayStation VR functions with a 1080p resolution, slightly lower than the 2160×1200 resolution offered by the Rift and Vive, however, it wins in the refresh rate department at 120Hz versus the 90Hz refresh rate of the others, allowing higher possible frame-rates. Ito added “It’s more for everyday use, so it has to be easy to use and it has to be affordable. This is not for the person who uses a high-end PC. It’s for the mass market.”

While Yoshida confirmed that PlayStation VR will be priced in line with a new gaming platform in the past, it is a welcome sign that he was surprised at the high price of the Oculus Rift which retails at $599. This, in theory, should mean that the PlayStation VR will sell at a price significantly lower than the Rift, with some rumours suggesting a $299 price point for the base unit.

Stick with us as we bring you more PlayStation VR news, with the press event coming in just a few days!