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Sonos Sub4

Sonos in Sustained Struggle Throughout 4Q & Full Year Fiscal 2024

December 5, 2024 by Ted 5 Comments

Sonos 4Q and Full Year Fiscal 2024 results

Sonos, Inc. (Nasdaq: SONO) Chief Executive Officer Patrick Spence did his best to sound upbeat and exuberant recently as he discussed the company’s results for its fourth quarter (4Q) and full year of Fiscal 2024 on an earnings call with financial analysts. Although most expected poor results in the wake of recent challenges, the numbers were particularly rough as the company is struggling against market headwinds in the audio segment, a less-than-satisfying rollout of what it had hoped would be a blockbuster new product in a blockbuster new category (Ace headphones), and most vexingly, from its own self-inflicted wound with a horribly botched app rollout.

Spence faced a tough sell to analysts, even with reduced expectations, as the numbers were quite disappointing.

See the results for 4Q & full-year fiscal 2024 at Sonos

[Read more…] about Sonos in Sustained Struggle Throughout 4Q & Full Year Fiscal 2024

Filed Under: Feature, Financial Tagged With: earnings, Patrick Spence, Saori Casey, Sonos, Sonos Ace, Sonos Arc Ultra, Sonos Sub4

Sonos Troubles Mount – Poor Sales Suggests Ace May Be a Joker

October 22, 2024 by Ted 13 Comments

Sonos Ace headphones are reportedly not selling well

Ace Production Cut to Just 10% of Original Plan

While Sonos (Nasdaq: SONO) claims to have most of its app problems behind it, multiple reports are emerging that suggest it may have an even bigger problem – the introduction of its Ace premium headphone has flopped. If these reports are true, then Sonos may indeed be staring into the jaws of the one monster that can truly terrify it – growing consumer resistance to its new products.

See more on this troubling turn of events for Sonos

[Read more…] about Sonos Troubles Mount – Poor Sales Suggests Ace May Be a Joker

Filed Under: Feature, Management, Manufacturers, Products, Technology Tagged With: headphones, Patrick Spence, Sonos, Sonos Ace, Sonos Arc Ultra, Sonos Sub4, soundbar

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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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