I think you are right.

I don't agree with PG when he is talking about Apple. "None of them are run by product visionaries" is simply not true. Steve Jobs had great respect for companies like Sony because there are product visionary companies. Sony, IBM, Philips, and a lot of others, all companies that gave us great products we now are using every day. But it took years to get there.

E-ink for example was created in 1997 and is still in development. But we all know e-readers. A great example of a visionary product imho.