Sony has enjoyed something of an advantage in the space up until recently. Competitors Oculus and HTC had gear that was more expensive and had to be used with a decent PC setup. However, over time HTC cut the price of its Vive gear on multiple occasions, and Oculus recently followed suit with its own price cuts.
Additionally, the minimum specs also dropped meaning the Rift headset with Touch could work well with a lower priced PC. To take advantage of the PlayStation VR system, it is recommended that you own a PlayStation 4 Pro.
From Friday, the price cut for the bundles will take effect across the U.S. and Canada. The core PS VR bundle will include the PlayStation VR headset and PlayStation Camera for $399 USD (MSRP) / $499 CAD (MSRP), while the PlayStation VR Worlds bundle adds two PlayStation Move motion controllers and PlayStation VR Worlds for $449 USD (MSRP) / $579 CAD (MSRP).