they sold their TV products to TCL, which was the bread and butter to them for decades.
The company shareholders are enjoying its slow death, with the usual cash grab on high sale value and peak profits for them then “fuck the sony workers” approach.
Sony is sorta like Ubisoft, they made great things in the past but now seem determined to disappoint their customers.
Sony has been a pretty big player and investor in VR and 3D headsets and displays for decades, so they have a lot of patents compared to relative newcomers like Meta. This will surely shrink the innovation pool.
To sell now means they just don’t see VR tech as being profitable over any meaningful timeframe, but I know it comes as part of a wider ‘exit from hardware’ Sony is doing… maybe VR will prove profitable medium term for others, but I see Meta has burned $19bil last year on VR and isn’t expecting profit any year soon, at about a 20:1 burn rate… So who knows.
Pretty sure big tech has lost the plot and Sony is activating parachute mode while there’s still cash on offer.
With a lot of the decisions Sony has been making recently, I think they just want to roll over and die. Loudly proclaiming anti-consumer practices and other things to piss off literally everyone isn’t the kind of business strategy I would go with.
Japanese megacorps and anti-consumer practices are certainly nothing new though.
All that’s really changed lately for Sony is a sell-off of some of their hardware arms. Why? Anyone’s guess. But with such a heavily-diversified portfolio of businesses and rising profit share each year in the billions, I don’t think I’d be betting on them dying anytime soon.
Meta: Where VR goes to die.
I knew this thing was going to flop. It was the same thing with PSVR1, they marketed the shit out of it, released it and then one year later it was basically already forgotten about.
I remember commenting on Reddit at PSVR2 release that I wasn’t falling for it again, and got called a fucking idiot and told I didn’t know what I was talking about blah blah blah. Then they just literally did the same thing again. Like PSVR1. Like Vita. Like their proprietary headphones. Like PS Move. Like PSP (which was a banger). Like PS5 arguably.
Another reason to hate Sony.
Holy fucking yuck.
Every Sony vr gamer just paid for another 20 years of meta mind control.
