+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Amazon's ban on knock-off hoverboards has had a huge effect on the market for them

Dec 29, 2015, 14:35 IST

A youth poses as he rides a hoverboard, which are also known as self-balancing scooters and balance boards, on October 13, 2015 in Knutsford, England.Christopher Furlong/Getty Images

Amazon's crackdown on the sale of cheap, knock-off hoverboards from suspicious sellers has had a big effect on the market for the devices, Quartz reports.

Advertisement

The market for cheap hoverboards was "wiped clean," a vendor told Quartz. "Small factories have exited the market, and everyone is paying more attention to safety and patents."

Hoverboards - or, as they are also known, "self-balancing two wheel boards" - were one of the biggest gifts this Christmas time, but safety concerns arose after a number caught fire due to faulty electronics.

Many of these dangerous boards cost significantly less than the real thing - which can start at £599 ($890) - making them seem like a good deal.

One seller from China told Quartz that his factory has laid off 400 workers as sales dropped 50% after Amazon's crackdown. "Before we were making about 1,000 hoverboards a day," the retailer said. "Now we're doing [a] few hundred."

Advertisement

The UK government seized over 32,000 dangerous hoverboards before Christmas, some of which were destroyed. The big three US airlines - Delta, United, and American Airlines - banned hoverboards from planes over security concerns.

NOW WATCH: Why Apple might want to remove the home button from the iPhone

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article