Tech Malfunction
Several of the best-funded and most-publicized tech launches of the last ten years have ended in failure. Many large technology companies which had significant market share and product advantages in large industries lost those advantages.
24/7 Wall St. looked at both start-ups and products introduced by companies that did not survive to create a list of the most colossal tech failures of the last decade. To make the list, a product had to be widely recognized and widely available to customers. It had to be aimed at a large global market. It had to be technologically equal to or superior to its competition. It had to be a product or new company that had the possibility of bringing in billions of dollars in revenue based on the sales of similar or competing products. Finally, it had to clearly miss the mark of living up to the potential that its creators expected, and that the public and press were lead to believe was possible.
—Douglas A. McIntyre