It was nice knowing you Sony but your time has passed.

The most telling part of this piece is that Sony’s consumer products sales were down 24% year over year. Have you even seen a Sony TV these days? This is an amazing testament to the power and speed of a free, innovative market that supports open competition and one of the many reasons why I love the tech industry so much

Sony has just posted its results for the third quarter of its 2011 fiscal year and as expected, the news is not great. Sony posted an operating loss of $1.2 billion and net loss of $2 billion on revenue of $23.37 billion.