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Sonos confirms tariffs will increase its prices this year

13d ago
Technology
The Verge
Technology and innovation
Sonos CEO Tom Conrad announced that tariffs will force the company to raise prices on some products later this year. This announcement followed the release of Sonos's quarterly earnings report, which showed $344.8 million in revenue and a net loss of $3.4 million. Conrad stated that Sonos is working with partners to mitigate the impact of the increased tariffs, which primarily affect products manufactured in Vietnam and Malaysia. The specific products and price increases have not yet been detailed, but the company is anticipating higher tariff rates soon.
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