Humane Slashes AI Pin Price by $200 Amid Weak Sales and Poor Reviews
Curated by THEOUTPOST
On Thu, 24 Oct, 8:09 AM UTC
2 Sources
2 Sources
[1]
Beleaguered startup Humane drops AI Pin price by $200 | TechCrunch
Humane on Wednesday announced a $200 price cut to its flagship product, the AI Pin. The Bay Area startup, founded by two former Apple executives, has reportedly struggled to sell the product, which launched in April for $700. In a message sent to its email list, Humane highlights its return policy in the new pitch. "Ai Pin starts at $499 and includes your first month of Humane Plan on us," the company writes. "Along with a 90-day return window, it's completely risk-free to try. The device was poorly received by reviewers. By August returns of the AI Pin had reportedly begun to outpace sales, leaving some 7,000 to 8,000 devices in the hands of users.
[2]
Humane slashes the price of its AI Pin after weak sales
Humane is dropping the price of the AI Pin by $200 in an attempt to reverse the AI gadget's very poor sales. The product launched earlier this year at $699, but now, you can buy one starting at $499. This $499 version is the "eclipse" model that is a matte black anodized aluminum, and it doesn't come with an extra battery or the charge case. The latter makes some sense given that the company warned AI Pin owners not to use the charge case because it found some battery cells from a vendor "may pose a fire safety risk." You can still buy an extra battery separately for $69. And even though you can buy an AI Pin for a lower price, the gadget still requires a $24 per month wireless subscription. The AI Pin launched this year to very poor reviews. In the time since, Humane has released updates to the device's CosmOS software to add missing features like timers. The AI Pin has seriously struggled to gain traction; for a few months this year, daily returns had outpaced sales, my colleague Kylie Robison reported this summer. Humane's store also lists the white and black AI Pin models with polished aluminum (technically, "lunar" and "equinox"). Each is available for $799 as part of a "complete system" (though both are currently sold out) that comes with an extra battery pack and the charging case.
Share
Share
Copy Link
Humane, a startup founded by ex-Apple executives, has reduced the price of its AI Pin wearable device by $200 following weak sales and negative reviews. The company is now offering a 90-day return policy to attract customers.
Humane Reduces AI Pin Price Amid Sales Struggles
Humane, the Bay Area startup founded by former Apple executives, has announced a significant price reduction for its flagship product, the AI Pin. The wearable AI device, which launched in April 2024 at $700, will now be available starting at $499, marking a $200 price cut 1.
Price Reduction and New Offerings
The new pricing structure includes:
- The "eclipse" model, featuring matte black anodized aluminum, now starts at $499 2.
- This base model does not include an extra battery or charge case.
- An extra battery can be purchased separately for $69.
- "Lunar" and "equinox" models (white and black with polished aluminum) are available for $799 as part of a "complete system," though currently out of stock [2].
Subscription Model and Return Policy
Despite the price reduction, the AI Pin still requires a $24 monthly wireless subscription [2]. In an effort to attract customers, Humane is now offering:
- The first month of the Humane Plan included with purchase.
- An extended 90-day return window, which the company describes as "completely risk-free to try" [1].
Sales Performance and Reception
The AI Pin has faced significant challenges since its launch:
- By August 2024, returns had reportedly begun to outpace sales [1].
- Estimates suggest only 7,000 to 8,000 devices remain in users' hands [1].
- The device received poor reviews from critics [2].
Product Issues and Updates
Humane has encountered several hurdles with the AI Pin:
- The company warned users not to use the charge case due to potential fire safety risks with battery cells from a vendor [2].
- In response to criticism, Humane has released updates to the device's CosmOS software, adding missing features such as timers [2].
Market Position and Future Outlook
The price reduction and extended return policy indicate Humane's efforts to revitalize interest in the AI Pin. As a startup in the competitive wearable AI market, Humane faces the challenge of establishing its product against established tech giants and overcoming initial negative reception. The company's ability to address technical issues and improve user experience will be crucial for the AI Pin's future success in the market.
Reference
Humane's AI Pin Faces Setback as Returns Outpace Sales
Humane's highly anticipated AI Pin, a wearable device promising to revolutionize personal technology, is experiencing a significant challenge as product returns are reportedly exceeding sales. This development raises questions about the device's functionality and market readiness.
5 Sources
Humane Recalls AI Pin Charging Case Amid Overheating Concerns, Adding to Product Woes
Humane, the tech startup behind the AI Pin wearable, has issued a recall for its Charge Case Accessory due to potential fire hazards. This setback adds to the company's struggles following poor product reviews and slow sales.
5 Sources
Plaud NotePIN: A New Contender in Wearable AI Technology
Plaud introduces the NotePIN, a lightweight AI-powered wearable device designed to simplify note-taking and transcription. This innovative gadget aims to overcome the limitations of previous wearable AI attempts.
6 Sources
Pin AI Secures $10M in Pre-Seed Funding to Launch Open Platform for Personal AI
Pin AI, a startup focused on decentralized artificial intelligence, has raised $10 million in pre-seed funding. The company aims to create an open platform for personal AI assistants, challenging the dominance of centralized AI models.
3 Sources
Inflection AI Shifts Strategy: Introduces Usage Caps on Pi Chatbot
Inflection AI, the startup behind the Pi chatbot, has implemented usage limits on its free tier and introduced an enterprise version. This move comes five months after Microsoft hired two of Inflection's co-founders.
2 Sources
Your one-stop AI hub
The Outpost is a comprehensive collection of curated artificial intelligence software tools that cater to the needs of small business owners, bloggers, artists, musicians, entrepreneurs, marketers, writers, and researchers.
The Outpost
Keep in touch
© 2024 TheOutpost.AI All rights reserved