• China tariffs are taking a toll on robot vacuums

    6 monthes ago - By Tech Crunch

    We already knew the intensifying trade war between the U.S. and China was set to have an impact on consumer electronics like Fitbit trackers and the Apple Watch. It seems that tariffs are also starting to take their toll on the world of robotic vacuums - namely iRobot.
    As CNBC notes , the company's shares took a hit today, in spite of positive earnings. That comes as iRobot noted that it's working to address rising costs in the face of Trump administration-imposed tariffs.
    The company says it's thus far avoiding raising the price on products by simply absorbing the higher export fees. But...
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  • Maker of the Roomba vacuum gets hit by China tariffs

    6 monthes ago - By CNBC

    Shares of iRobot, which manufactures its Roomba vacuums in China, fell more than 14 percent Wednesday after outlining negative effects of tariffs on its earnings call.
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