Hirai is trying to keep Sony's head above water. I think he has the right approach. I am sure he has not completely thrown innovation by the wayside, rather it has been postponed so they can deal with more pressing matters. A break out device that is well respected and sell millions is sort of what Sony NEEDS in order to claw their way out of debt in a reasonable amount of time, but the risk is just far too high so Hirai has chosen to go with "safe bets" untill they are in more stable climate.
P.S.
I would also like to point out that Sony has been making more smart innovations of late. Sony put way too much effort into building the "New TV" that would outshine the rest with inventive ideas that turned out to be way too costly. The TV market needs to stay in one place for a while. This 4K nonsense isn't going to happen for another 5 years so there is no need to produce a bunch of 4K TVs just yet. People still have not fully transitioned to HD and BluRay and you want to make the bar even higher? Slow down.
PS Now, PS Vue, Exclusive TV Shows, Possibly VR are steps in the right direction if you ask me, if Sony can get a handle on image and pricing. Sony has a tendency to overestimate what the general public is willing to pay for any given service/device. The price has to be approriate early on because if you wait for it to flounder before correcting it the stigma is already there.


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