What is Irobots business strategy?

The iRobot board and management team is focused on a strategy of growth, innovation and allocating capital that maximizes shareholder value. iRobot stock trades on the NASDAQ stock market under the ticker IRBT.

What is Irobots business model?

The company generates all of its revenue by selling consumer robots. Its main two product categories are autonomous vacuum cleaners (Roomba) and autonomous mops (Braava), and they are unquestionably popular. Since its first Roomba product launch in 2002, the company has sold more than 30 million consumer robots.

What is Irobots mission statement?

“iRobot’s mission is to change the world by building practical robots that make a difference, while delivering increased value to our shareholders.”2 iRobot became a public company in November 2005, when for the first time, a robot sounded the opening bell on the NASDAQ stock exchange.

What operating system does iRobot use?

The iRobot® HOME App is designed for use on iOS devices running OS 12 or higher and Android devices running OS 7.0 or higher.

What is iRobot competitive advantage?

The recent success of patent litigation against a number of infringing manufacturers highlights the competitive advantage iRobot has. It means that products similar to its Roomba vacuums from competitors such as Hoover and bObsweep cannot be imported into the U.S.

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Where are Irobots made?

Most of its robots are currently manufactured in China, except for the iRobot 600 line, the company’s simplest robot, which iRobot has manufactured in Malaysia since before the pandemic. “We will face profitability headwinds because of the return of tariffs in 2021,” Angle said.

Who are iRobot competitors?

iRobot competitors include LG, Husqvarna, Endurance, Dyson and Neato Robotics.

What products does iRobot sell?

The company’s products include a range of autonomous home vacuum cleaners (Roomba), floor moppers (Braava), and other autonomous cleaning devices.

Why is it called iRobot?

The name is taken from the name of a robot manufacturer (“United States Robots and Mechanical Men”) that appears throughout Asimov’s robot short stories.

Is Roborock a Chinese company?

Roborock is headquartered in Beijing, with R&D and branch offices in Shanghai and Shenzhen where our engineers, designers, scientists, and manufacturing experts collaborate closely throughout development and testing.

What is the purpose of a Roomba?

Roomba is an autonomous vacuum and one of the most popular consumer robots in existence. It navigates around clutter and under furniture cleaning your floors, and returns to its charging dock when finished.

Does iRobot sell data?

iRobot will never sell or misuse customer-related data, including data collected by our connected products. Our customers invite us into their most personal spaces – their homes – because they trust that our products will help them do more. iRobot takes that trust very seriously.

Is Roomba a vacuum or sweeper?

Roomba is a compact, computerized vacuum cleaner that automatically guides itself around your home. Like a conventional cleaner, it picks up dirt with spinning brushes and a vacuum.

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Why is the Roomba so popular?

The short answer is that iRobot leads a very small submarket. Its domination is the result of solid robotic technology supported by equally solid marketing. Branding success for iRobot has reached the point where Roomba fans have posted more than 4,000 videos of their vacuums on YouTube.

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