Yes that's correct. They seemed dismissive of it even back in 2008 seeing more cons than potential in the market. It's like the Windows approach to smartphones entering in after Android and iOS established themselves. Except even later with years and years passing as it became clearer PC gaming was becoming more accessible and it's own formidable market. They missed a lot of earlier chances to enter.

https://news.softpedia.com/news/Tim-Sweeney-Says-the-PC-Is-Dead-for-Games-80714.shtml