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Bang & Olufsen

Sonos Stock Slammed on News Apple Stores Drop the Line

October 7, 2020 by Ted 2 Comments

Photo of Apple store in Chicago

Lost 7% of Value in After-Hours Trading

Bloomberg News reported late on Monday that Apple is dropping Sonos [NASDAQ: SONO] and other non-Apple branded products from their stores. The news of Sonos losing such a major customer caused their stock to derail in after hours trading, down almost 7% in value at one point. On Tuesday, Sonos stock price closed down 3.2% as Wall Street digested the news.

See why Apple stores are dropping Sonos…

[Read more…] about Sonos Stock Slammed on News Apple Stores Drop the Line

Filed Under: Brands, Financial, Management, News, Products, Retailers, Strategy, Tech Trends Tagged With: Apple, Apple Watch, B&O, B&W, Bang & Olufsen, Beats, Bowers & Wilkins, FitBit, Pioneer, Sonos

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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