Question

Why do so many new products fail? Give your opinion

Answer 1

The cost may be too much so people won’t want to buy. It could be because they haven’t reached out to the right audience or just no one has really noticed the product.

Answer 2

BECAUSE THEY SUCK

No jk

Step-by-step explanation:

About 30 to 45% of new products fail to deliver any meaningful financial return. This typically happens due to a number of reasons, from poor product / market fit, failure to understand customer needs (or fixing a non-existing problem), to a lack of internal capabilities.