When the digital revolution hit the music market Sony was slow to respond and made numerous decisions that bit it on the arse from incompetence or arrogance, I'm not sure which. Not least, once again, insisting on a proprietary format. While everybody was talking about MP3s, Sony players required you to convert your music to their proprietary ATRAC format. Oh and to do this you had to use SonicStage, about as godawful a piece of software that was ever programmed (another problem Sony has to this day is decent hardware, poor software). Unsurprisingly, while the public were buying iPods in droves Sony digital Walkmans were collecting dust on the shelf. Eventually they reversed these decisions, but by then it was far too late. I actually owned one of the later models and it was an excellent little device.
They didn't just miss the boat, they had the boat and torpedoed it themselves whilst shooting themselves in the head.
They didn't just have the means of taking the globally dominant Walkman brand and transforming it into an unassailable MP3 player years before anyone else, they also missed out on having a major presence in the downloadable conten.t market. PS3 should have come with in-built Sony Netflix thing on day one.
Still, all ancient history. Surely to stop hemorrhaging money they need to sell off entire divisions and stop producing millions of products like TV's and focus again on innovation, rather than losing out to Samsung and LG with mass-produced stuff.