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Are you on the verge of launching a new product? Or are you still in the process of developing one? Whatever the case may be, you obviously want to do everything you can to ensure your product launch is successful.
That means you need to carefully plan every aspect of your launch – from product development to your product launch promotion. To help you with your product launch planning, here are six of the worst product launch failures, and what you can learn from them.
Product Launch Failure #1: Samsung Galaxy Note 7
One of the biggest product failures in recent years was that of the Samsung Galaxy Note 7. Reports of explosions, batteries overheating, and burns were common for the phone. It launched on August 19, 2016, and by early September, Samsung stopped selling it. The brand issued a voluntary recall of the devices, during which they recalled 2.5 million units, according to Time magazine.
Source: Ariel Gonzalez
Samsung then replaced the Notes with new devices, but the problem persisted. Various airlines around the globe started to ban the devices on flights, and Samsung ended up losing $14.3 billion in investments. Although Samsung has since stopped the production of the Note 7, the product had a lasting impact on the brand’s image.
What to Learn from the Samsung Galaxy Note 7 Failure
Improper product development was the biggest reason for the failure of the Samsung Galaxy Note 7. According to Wired UK, the problems were due to battery manufacturing issues. One mistake was committed by Samsung themselves, in regards to size. The other was incorrect welding of batteries by a third-party manufacturer.
The blueprint for their device was great. They had everything else in place, but two tiny mistakes resulted in one of the worst product launch failures of all time. Some people even called it the worst tech failure of 2016.
What’s important to learn from this example is that you need to carefully inspect every aspect of your product development before you even set a launch date. Otherwise, you might feel compelled to meet the deadline and rush through some crucial steps. And that could negatively impact your launch.
Keep testing every element involved in your product development, and set your launch date only after you’re sure things are going smoothly.Even after you set a deadline for the launch and publicly announce it, you shouldn’t hesitate to push it back if there are unexpected delays. It might affect your reputation a bit, but not as much as it would if you launched a product that’s not ready.
Product Launch Failure #2: Fitbit Charge HR & Surge
After the Pulse, Fitbit continued to experience issues with their fitness monitors. The Fitbit Pulse was recalled because it caused allergic reactions for some users. After that, the Fitbit Charge HR and Fitbit Surge fitness monitors were met with a class-action lawsuit in 2016 from users claiming the devices provided false reports.
The Daily News reported that some users claimed the devices measured their heart rates much lower than they actually were. For instance, one user claimed that the Fitbit recorded her heart rate as 114 when another hand-grip heart monitor reported it as 155. The same user also claimed that the Fitbit reported that she had burned 250 calories when another neck monitor reported she burned 650 calories.
Source: Karlis Dambrans on Flickr
These claims suggested that users may be working out much harder than they should be. And the reports went against Fitbit’s ad campaigns, which used slogans like, “Every Beat Counts,” and, “Know Your Heart.” According to the lawsuit, the devices are, “effectively worthless,” for monitoring heart rate. Time also reported a study, which proved the inaccuracy of the devices’ heart rate monitoring.
What to Learn from the Fitbit Failure
Fitbit’s products may have been ready, and they may have been marketed effectively to succeed. In some aspects, they did succeed, but they failed to maintain that success in the long run. The technology used for monitoring was faulty and gave inaccurate results. The previously-cited study showed that the inaccuracy was approximately 20 bpm (beats per minute) compared to an ECG machine.This suggests that they were unable to develop the technology for which they had an excellent concept. While their products worked in theory, they were unable to live up to their claims. Another important lesson can be learned from the brand’s marketing message, which implied that the devices provide accurate heart rate reports. They chose a misleading UVP, (unique value proposition), and failed to deliver.
Product Launch Failure #3: Nike+ FuelBand
It seems that wearable fitness trackers just aren’t making the cut when it comes to “product innovations.” The idea may be revolutionary, but brands seem to be struggling to turn their ideas into reality. Like the Fitbit, Nike has had their fair share of troubles with their FuelBands.