The Segway was 'bigger than the internet' — and sold 24,000 units in five years

The Segway Human Transporter, unveiled in December 2001, was preceded by unprecedented hype. Leaked details called it 'Ginger,' and speculation suggested it would transform cities. Steve Jobs reportedly called it 'as big a deal as the PC.' The book 'Code Name Ginger' predicted it would reshape urban life.

But the Segway was a $5,000 device that solved a problem most people didn't have. It could not go on sidewalks (too fast) or roads (too slow). It was heavy, expensive, and socially awkward to ride. The target market — urban commuters — found it impractical, and the device became associated with mall security guards and tourists.

Segway sold approximately 24,000 units in its first five years, against projections of 50,000-100,000 per year. The company was sold in 2015 and the original Segway PT was discontinued in 2020. The case illustrated the danger of hype-driven product launches: when the narrative is 'this will change the world,' the product must actually change the world, or the gap between promise and reality becomes the story.