When playing split screen on PS5, the crosshair for both players “flickers”, or appears to come and go every other frame. If one player opens a menu that causes the crosshair to go away, like a chest or their inventory, the crosshair disappears completely for the other player.
If it makes any difference, this was while playing in a realm, with the vertical split screen option, with no global resources enabled. The console itself is outputting 4k60 HDR but VRR off. Happy to perform additional testing if need be
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This issue is being tracked at MCPE-123918.