Founder of one of America's biggest consumer electronics company iRobot that has filed for bankruptcy 'shares' what went wrong: Chinese …
iRobot, famed for its Roomba vacuums, has filed for bankruptcy, with former CEO Colin Angle citing fierce competition from Chinese firms. He highlighted how these rivals leveraged China's domestic market and government support, creating an uneven playing field. The failed Amazon acquisition further complicated iRobot's struggles, ultimately impacting the broader consumer robotics sector.
iRobot, famed for its Roomba vacuums, has filed for bankruptcy, with former CEO Colin Angle citing fierce competition from Chinese firms. He highlighted how these rivals leveraged China's domestic market and government support, creating an uneven playing field. The failed Amazon acquisition further complicated iRobot's struggles, ultimately impacting the broader consumer robotics sector.
