Moreso, while most non-PS2 Sony products are very well designed and tend to hold up very well, they're over-priced. Fifteen years ago Sony made products of much higher quality and they demanded a premium price for them. Today, competitors have caught up on the quality (and even surpassed it in some cases) but Sony still tries to charge a premium price for products that are no longer considered premium.
I've had bad luck with Sony products then, because nothing ever held up (thought they were usually nicely designed as long as we're speaking in terms of looks).
CD Players (portable) would get sticky buttons and eventually stop working, headphones would blow out constantly or get damaged easily. The one Sony tv my family ever had crapped out on us. The old VCR was **** too. When the first reports of PS2s failing came out, it was no surprise to me.
Sony was once known for quality electronics, but they sacrificed their reputation to get costs down enough to appeal to less affluent customers. Any Sony product with moving parts became a ticking time bomb of failure. Sony only really remained a leader in the display market, but they also still charged a premium in that market (actually, they still made solid stuff in all categories at premium prices). The march of progress solved most of the quality problems, but it also brought all the competitors' quality up, too, so Sony squandered the power of their brand name for nothing.
Of course, there's more to it than that. The other big problem Sony has is that it's also a content owner, and that side of the business puts pressure on the electronics half that compromises everything they do. If you'll forgive the buzzword, it is the exact opposite of synergy. For example, it prevented Sony from protecting the portable music market it basically started with the Walkman from the iPod. More recently, it saddled the PS3 with Blu-ray.