Instant Pot parent company files for bankruptcy

https://www.engadget.com/instant-pot-parent-company-files-for-bankruptcy-163652674.html

10 points · 2 comments · view on lemmy.world

2 Comments

beertoagunfight@programming.dev · 1 pts · 3y (1 reply)

Proof that just having a great product isn’t enough.

XTornado@lemmy.ml · 1 pts · 2y

Well that works out to a certain point if you have a better product at same price or better price than your competitors.

Otherwise if you products require complex processes and are complicated to replicate by competitors Or you setup in a way that you have patents for the main functionality or similar that forces competitors to take a worse approach or maybe can't find an alternative.