Ben Gilbert: belief

Transcript context

…Yes. A couple of things, we've briefly mentioned the Vaio PC division. That never works. They ended up selling it in 2014. Then mobile and smartphones are just an unmitigated disaster for Sony. The whole Xperia thing was just a colossal failure. In fact, if you look back at the annual report, in 2018, they decided for their electronic products and solutions segment to break down into subsegments in this annual report. You can see that it's all mobile's fault. They could have shown, hey, we basically made zero profit in all of electronic products and solutions, which by the way, is the core Sony thing. Originally, Sony was an electronics products company. That's recently been like a breakeven business for them. They generate a lot of revenue from it, they generate basically zero operating income, a little bit recently. But in 2018 in particular, they were showing like, yeah, it would be profitable, but we lost a ton of money on our mobile communication segment. As I think more about why did Sony fail so badly at PCs, why did Sony fail so badly at mobile, why did they eventually lose TVs, I think Sony doesn't know how to make computers. As things become computers, they lose. I 100% agree with that.…

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