ectobuilder
Veteran
Y'know, Sony isn't THAT big anymore. They've hemorrhaged and lost a lot over the years, their TV business basically disappeared, and now they're down to about a $11.9 billion market cap. Sure, that sounds large, but consider their arch-rival Panasonic is now bigger than them ($14.4 billion) and that Apple, the company that out-Sony'd Sony, is a $567 billion company! Yes, Apple is valued by the market at over 40 times what Sony is.
Apple's earning $45/share, and Sony's losing almost six dollars per share (and since their valuation is only $11.85/share, losing half that value per year isn't a good long-term trend).
Now consider that the vast majority of Sony's revenues come from non-broadcast, non-video-oriented things, like the Playstation, and it starts to shape up that as far as their broadcast business goes, it's not really all that big. Consider that the entire Imaging Products & Solutions section of their business did only about 13% of the total sales of Sony overall. And of that 13%, what (probably tiny) portion of that was broadcast? And of that probably tiny portion, what vastly tinier portion was large-sensor camcorders (versus traditional broadcast, and monitors, and media, and decks, and whatever else they sell)?
So are they a big bumbling behemoth who's too big to listen? Not anymore. They were, yes, they were profoundly arrogant and disconnected and overbearing, and they got their *** handed to them in the marketplace. But maybe that finally woke them up, because this sure seems like a New Sony. Now they're turning out really interesting products, at a furious pace.
People know I've been a fan of the Panasonic lineup since 2003, when the DVX100 was first introduced. People don't necessarily know that prior to the DVX, I was a Sony-only guy, but frankly they haven't made a product since 2003 that I thought was interesting enough to buy. The FS700 came close, but I can't stand the form factor, the F3 was pretty close but I hate the XDCAM codec and didn't want to have to go to multiple boxes, etc... But from what I'm hearing grumbled about the new F cameras, I think Sony has decided to bring a gun to the gun fight. At least in the top professional arena, targeting the Canon Cinema series and the Red series.
Too big to listen, and too big to respond? Not necessarily... check out the announcements before writing them off entirely.
Well during the announcement on Oct 30th, the rice will be in the pudding.