No.
Sony was shit back in the 7th generation of consoles as well.
I started using forums in June 2006. My first ever forum was on a site called GamePro. It was the same GameoPro as the video game magazine. I was there from the start when the PS3 released. in 2007 I watched all the screw ups Sony made. The biggest being the price of the PS3 and the fact that they shoved a Blu-ray drive into the PS3 to help boost the BR format. The mediocre launch games. Games that launched on a $500-$600 machine and looked no better than a late Xbox game. I mean the original Xbox. Resistance Fall of Man looks no better than the Xbox port of Half Life 2.
Remember Lair on the PS3? Their lame excuse for cutting the rumble feature?
It's funny thinking back to that time period and remember everything Sony did to basically screw itself over. Like sticking an expensive BR drive into a console for a format that would basically be obsolete just halfway through the PS3's life cycle. By 2010 most people were downloading things and streaming them. Just like all the MS fanboys told the Sony fan fags back then. That the future was streaming and downloads. Not HD capable optical discs. Sony's attempt to force BR players into homes through the Trojan horse PS3 cost them their position as market leader that they had held since the release of the PS1 in the mid 90's. Though you didn't start to see PS1's in homes till around 1997 and 1998. Back in 95 and 96 I was still playing my Genesis and SNES. The PS2 is what made Sony king though. PS3 was a very low point. The PS3 never matched PS2 sales.
At the time a lot of people still didn't have HDTV's. In 2007 and all the way to 2009 people were still using SDTV's. Sony was pushing this expensive HD capable console with a drive in it for an HD format. Meanwhile MS took second place with the Xbox 360 and was doing just fine with regular DVD's. Matter of fact some games looked better on the 360. Kojima even tried to help Sony out by saying the BR format was needed for his new massive game called MGS4. Turns out MGS4 was more of a movie than a game. Those uncompressed cut scenes were what was taking up all that space on the disc. All those hours and hours and hours of long cutscenes.
The 360 held its second place position for nearly the entire life span of the PS3. I think near the end the PS3 might have finally outsold it by a small number but by then it really didn't matter. MS went from the third place loser in the sixth generation to a strong second place. All because Sony had to push that BR drive which drove up the cost of the PS3.
Yeah, I remember it all. The gaming news articles (back when gaming sites covered news and didn't push political agendas) about PS3's that were still sitting on store shelves just weeks after release. I even saw it myself. I was in a Best Buy in 2007 and saw some sitting in a stack in the middle of a floor. It was just a few weeks after it released. I even saw some in a Walmart like a month later. This was unheard of for a newly released console. Normally it took months to get your hands on a new console if you were lucky. It was so bad the scalpers who bought PS3's back then were returning them because no one was buying them. Yes, people were trying to sell PS3's on ebay even back then for ridiculous prices for a console that already had a high price. One story even had a scalper trying to return the PS3's to a Best Buy and they refused to take them back. It was hilarious.
The late 2000's was when the "Great Recession" happened, and a lot of people were hurting economically. Many people didn't have $500-$600 to spend on a video game system. This is when games went up in price from the usual $50 to $60. With rumors coming out that Sony planned to charge more for their games. What does Sony say? People will work more hours to buy the PS3.
I have a used PS3 I bought in 2017 and I picked up a bunch of games. Mostly PS3 exclusives and they were pretty cheap. Some of them I only paid $5. I also have my own collection of Blu-ray movies. I even bought an external SSD for $115 so I could install RPCS3 onto it and mess around with it. But Sony was not good in the 7th gen. Might not be as bad as they are now. But they still sucked.
I never owned a PS3 or 360 back then but I did follow the news. It was interesting to see. Since 2015 I have been seriously into PC gaming, and I just buy Sony exclusives on Steam, play them on my PC while using an Xbox One controller.
Nintendo was in 1st place with the Wii that was about $300 or so. They held the first-place position for that whole era of consoles. Just don't notice all the copies of Wii sports, Wii Fit and brand-new looking Wii's sitting around in thrift stores these days.