A household name falters: how Roomba maker iRobot slid into bankruptcy

Core Viewpoint - iRobot, known for its Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection, indicating a significant downturn for a company that was once a leader in the consumer robotics sector [1] Company Summary - The filing for bankruptcy protection represents a dramatic shift for iRobot, which has been a key player in the consumer robotics industry [1] - The company has faced challenges that have led to this financial decision, reflecting broader trends in the market [1] Industry Summary - The consumer robotics industry is experiencing significant changes, with iRobot's bankruptcy highlighting potential vulnerabilities within the sector [1] - This event may signal a shift in consumer demand and competitive dynamics in the robotics market [1]