Reported 2 days ago
Sonos has made strides in recovery one year after a catastrophic app update that alienated customers and disrupted product launches. Their latest financial results show a revenue increase of nearly 3%, surpassing expectations, while the company is refocusing on software improvements under new CEO Tom Conrad. Despite ongoing challenges, including tariff costs and a significant drop in stock value since the app launch, Sonos is attracting new customers with a price cut on its entry-level speakers, indicating potential for future growth.
Source: YAHOO