The truth is, this small-cap robotics leader just reported record results for 2011.
Shares of iRobot only fell when the company warned that tight defense budgets could curb sales of "warbots" until the second half of the year.
iRobot investors who are concerned that the drubbing is a reason to worry about the future of this industry are making a very big mistake.
An Asian electronics firm alone will field nearly 1 million new robots in less than five years. And in a moment I'll give you the details behind this robotic horde....
But first I want to make sure you know why I'm so bullish about this emerging high-tech field.
After all, in the Era of Radical Change, robots and other smart machines will transform the world in ways we still don't fully understand.
A Robotic Leap ForwardI realize that robots have been around for at least 30 years in factories. I actually saw some of the earliest versions in use at a General Motors Co. (NYSE: GM) plant in the early 1980s.
But today, the robotics industry continues to register one advance after another...
You see, we've reached critical mass in key areas. Today we have better software, chips, programming, and artificial intelligence.
All these high-tech advancements add up to a new generation of robots that can perform highly complex jobs.
Now, even low-cost Chinese workers who steal jobs from Americans face pressure from this new generation of "workerbots."
Just ask the workers at Foxconn International Holdings Ltd., a firm based in Taiwan that makes products for big computer firms.