Companies That Came to Regret For Their Failed Products

Sony Betamax, 1975

Sony Betamax was released in 1975 and it was a huge mistake because its rivals started selling VHS machines. The Betamax format was crushed in the "videotape format war" by the VHS. Consumers preferred it mainly because VHS recording time was 2 hours, and it allowed most feature films to be recorded without a tape change.