Failures

by Mike Masnick




Is Iridium Back?

from the nah,-probably-not dept

Is Iridium back? The company that bought billions of dollars worth of assets from the original Iridium for just $25 million (and immediately signed a contract for $72 million from the US Dept. of Defense) is saying they're back and better than the original Iridium. They may be back, and they may even be better, but some still think they're going to fail. At least they're not trying to be all things to all people, and they've lowered the costs of the damn thing. However, it's still really expensive, and cell phone service and coverage is increasingly getting better. If anything, Iridium's market is going to keep shrinking over time.

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  1. icon
    Mike (profile), 8 Jun 2006 @ 11:25am

    Re:

    Ricardo,

    I think you misread the point of my post. I'm not saying that those markets don't exist, just that they're small and shrinking. For the people who want it, that's great. The point was that Iridium was supposed to be this big, mass market product, and it's obviously a very niche one.

    I know that there are places where there's no cell service. The point is that the market size for catering to those people is small.

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