Sonos to Increase Prices Due to Tariffs

Sonos plans to rise prices for immoderate of its products aboriginal this twelvemonth due to the fact that of tariff costs, the institution said successful its 3rd fiscal 4th net presumption [PDF].


Sonos manufactures its devices successful Vietnam and Malaysia, and the countries are facing tariffs of 20 percent and 19 percent, respectively. In the 3rd fiscal quarter, tariffs outgo Sonos $2.1 million, and the institution estimated that costs would summation to $5 cardinal successful the 4th fiscal 4th of 2025. Sonos said that the estimation for 4Q 2025 reflects the anterior 10 percent tariff complaint connected in-transit inventory that volition get during the quarter, and aboriginal quarters "may differ."

To minimize the interaction of tariffs, Sonos says that it volition rise prices crossed its portfolio of products. Sonos besides plans to put successful diversifying its geographic footprint to thrust maturation successful the future.

Sonos did not outline which products volition spot terms hikes, but said that the increases volition travel aboriginal successful 2025.
This article, "Sonos to Increase Prices Due to Tariffs" archetypal appeared connected MacRumors.com

Discuss this article successful our forums