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.
Why are the Chinese companies not collapsing too? What’s different about irobot that they can’t compete?
Competitive market. Chinese brands have lower cost of production and sell their vacuums cheaper. They also took the lead with new features.