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Sony’s PlayStation VR virtual reality system, which includes headset and hand controllers, offers users rich, immersive experiences at a price well below that of competitors Oculus Rift and HTC Vive. Its biggest selling point, though, is that rather than requiring users to have a powerful PC, it pairs with the PlayStation 4—meaning there are tens of millions of gamers who already have the hardware to run the VR system, giving it a big advantage over rival systems. PlayStation VR is just one small piece in Sony’s gigantic portfolio, but it’s an important one if the 70-year-old Japanese company wants to be a player in one of the most talked-about new industries to come along in years.

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