In this article, we will be taking a look at the 5 Failed Products in the Last 5 Years. You can also take a detailed look at the 16 Failed Products in the Last 5 Years.
5. Quibi (2020)
Score: 4
Quibi entered the streaming market with a unique concept: delivering high-quality, short-form content optimized for mobile viewing. Despite substantial funding and backing from industry heavyweights, Quibi struggled to attract and retain subscribers. The platform faced several hurdles, including intense competition from established streaming services and a crowded digital content landscape. Moreover, Quibi’s insistence on producing premium, high-budget content contributed to its high operating costs and limited profitability.
4. Amazon Dash Buttons (2015-2019)
Score: 5
Amazon’s Dash Buttons is another failed product that was aimed to simplify the reordering of household items with one-touch convenience. However, the product faced criticism for its limited environmental sustainability and questionable usefulness. Environmental advocates raised concerns about the waste generated by disposable Dash Buttons, which were made obsolete after a single use. Moreover, the usefulness of Dash Buttons was limited to a select number of frequently purchased items, restricting their appeal to a niche audience. As consumer preferences shifted towards digital ordering and voice assistants, the relevance of Dash Buttons further diminished.
3. Faraday Future FF 91 (2018-2019)
Score: 5
Faraday Future’s electric vehicle, the FF 91, was hailed as a game-changer in the automotive industry, boasting advanced features and cutting-edge technology. However, the company faced numerous challenges that hindered the FF 91’s path to market success. Faraday Future struggled to secure sufficient funding to bring the FF 91 into production, leading to doubts about the company’s long-term viability. Production delays further compounded the company’s woes, delaying the FF 91’s release and eroding consumer confidence.
2. MoviePass (2011-2019)
Score: 5
MoviePass disrupted the cinema industry by offering a subscription service that allowed users to watch unlimited movies for a fixed monthly fee. Initially hailed as a game-changer, MoviePass attracted millions of subscribers but struggled with a flawed business model. Offering unlimited movies at a discounted rate proved financially unsustainable, leading to massive losses for the company. Additionally, frequent changes to subscription plans and restrictions on movie availability frustrated subscribers making it one of the major failed products in the last 5 years. MoviePass faced backlash from theater chains and movie studios, which imposed restrictions and blocked access to popular films.
1. Samsung Galaxy Fold (2019)
Score: 6
Samsung’s highly anticipated Galaxy Fold tops our list of the 16 failed products in the last 5 years. This product was aimed to revolutionize the smartphone industry with its foldable display technology. However, the device faced significant setbacks shortly before its scheduled release. Reports emerged of issues with the foldable display, including creasing and breakage, leading Samsung to postpone the launch and undertake extensive redesign efforts. Despite the company’s attempts to address the durability concerns, consumer confidence in the Galaxy Fold waned, impacting its market reception upon eventual release.
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