Troubled robot vacuum-cleaner maker iRobot, abandoned by Amazon after regulators effectively doomed the web giant’s takeover offer, has warned investors it may not survive the next 12 months.
Troubled robot vacuum-cleaner maker iRobot, abandoned by Amazon after regulators effectively doomed the web giant’s takeover offer, has warned investors it may not survive the next 12 months.
Pretty much inevitable. Nowadays there are so many robot vacuum cleaners from different brands, and everyone has more or less figured out the tech so they all work pretty well. (I have a Roborock, and have nothing to say about it other than it keeps the floors clean and doesn’t cause me any grief.) There’s no moat, so consumer market success is purely a matter of manufacturing and cost efficiency, and iRobot obviously would have a huge upfill fight against Samsung, Xiaomi, and a thousand other light consumer goods makers.