In the 1970s, Kodak invented the digital camera but suppressed it because they were afraid it might hurt sales of film cameras.

In the 1970s, Kodak invented the digital camera but suppressed it because they were afraid it might hurt sales of film cameras. Kodak filed for bankruptcy in 2012. Turns out Americans like convenience actually! Who knew!

In the 2000s, executives at RIM, the creator of BlackBerry pagers and mobile phones, called the iPhone a "flashy consumer toy with poor battery life, high network demands, and no keyboard". Mike Lazaridis resigned in disgrace as CEO of Rim in 2012, following the rapid collapse of BlackBerry. The company no longer makes mobile phones. Turns out Americans like convenience actually! Who knew!

In the 2000s, Blockbuster video refused to acquire Netflix because they were afraid it might hurt sales of VHS tapes. Blockbuster filed for bankruptcy in 2010. Turns out Americans like convenience actually! Who knew!

Anyway in unrelated news, the CEOs of Ford, GM, and Chrysler, have all pulled out of the EV car industry, claiming a "way smaller" market than initially expected. Surely there are no relevant historical examples to learn from that might apply here.