Money IS everything.
It says something that sony has the ability to fail like that and continue. Just like FB failed at the metaverse after doubling and tripling down about how it was the future of the company before it just kinda stopped talking about it.
Companies with this much cash can take risks and fail with little to no concequences, smaller companies cannot and thus often choose not compete or just HOPE that they get bought by one of these near monopolies.