It'll be yes and no
Gaming, it'll depend on the generation and how much 1st/3rd party support they receive, their playstation brand is synonymous with gaming so they have that going for them.
In markets where Sony still has market leading presence and holds lots of content (mostly music and movies) they can innovate and will remain on top.
In markets where Sony's brands is an afterthought such as point and shoot cameras, TV, music devices, their viao computer line, cell phones to a certain extent, they will not regain market dominance so they will need to become niche and not try to overproduce.
In new areas they are trying to explore, such as medical imaging yes







