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> We have an Instant Pot and use it. All. The. Time. It is a well made product that is simple to use, has a good feature set, is useful, and relatively inexpen
by Alupis 3y ago
> We have an Instant Pot and use it. All. The. Time. It is a well made product that is simple to use, has a good feature set, is useful, and relatively inexpensive
You may have just described why they're filing for bankruptcy.
While I do not own an Instant Pot, I do own an awful lot of Pyrex cookware that I bought well over a decade ago... My mother has Pyrex cookware she's owned for decades and will likely pass down one day.
It's hard to build a lasting company when your customer's buy once and never again. Perhaps there's really such a thing as "too good".
- Nifty3929 3y agoNot at all - as long as they're earning a profit on each one large enough to justify having produced it, then they lose nothing by their products lasting a long time. The worst outcome might be that the market becomes saturated and everybody already has one or two, in which case the business just scales down and goes away, having earned a lot of money. But I doubt even that outcome in this case.
- Alupis 3y agoMaybe, but in the same time duration I've bought multiple sets of pots/pans, wooden spoons/spatulas, several wooden cutting boards, mixing bowls, etc. If the company drags on long enough, all that profit gets eroded away. Pyrex has been around since the early 1900's for instance. I agree, might not be 100% of what happened here, but it surely has to be a component.