Discussion:
What do you think about the below product failures?
TouchPad was released in 2011 by Hewlett-Packard. Their revenue that year was $126.0 billion. The TouchPad was HP attempt to compete with Apple's iPad. With powerful video capability and impressive processing speeds, the TouchPad was widely anticipated to be among the only products that could give Apple a run for its money. Despite large scale press events and promotions, the HP TouchPad was a colossal failure and was discontinued almost immediately. As a result of the TouchPad's failure, the company wrote off $885 million in assets and incurred an additional $755 million in costs to wind down its webOS operations, ending all work on the TouchPad's failed operating system. Since then, HP has continued to struggle to maintain its edge in the PC market. The once-dominant PC company is in the midst of a multiyear turnaround plan. While the plan may have recently begun to bear fruit, investors remain cautious.