Connect with us

Hi, what are you looking for?

Gain That FlavourGain That Flavour

Tech News

Sonos revenue falls in the aftermath of company’s messy app debacle

Vector illustration of the Sonos logo.
Image: Cath Virginia / The Verge

Sonos is still trying to climb out from the hole it dug itself earlier this year by recklessly shipping an overhauled mobile app well before the software was actually ready. Today, just a couple weeks after the release of its latest hardware products — the Arc Ultra and Sub 4 — Sonos reported its fiscal Q4 2024 earnings. And the damage done by the app debacle is clear.

Revenue was down 8 percent year over year, which Sonos attributed to “softer demand due to challenging market conditions and challenges resulting from our recent app rollout.” During the quarter, the company sank $4 million into unspecified “app recovery investments.” (Sonos previously estimated it could spend up to $30 million to resolve all of the trouble that has…

Continue reading…

You May Also Like

Editor's Pick

Michael F. Cannon President Joe Biden has touted how the Inflation Reduction Act (IRA) gives Medicare the power to negotiate lower drug prices. He...

Editor's Pick

Adam N. Michel Tax policy has taken on an outsized role in this year’s presidential campaign and was mentioned repeatedly in the recent presidential...

Editor's Pick

Jennifer J. Schulp American financial privacy has been in steady decline for more than 50 years. Regulatory frameworks, such as the Bank Secrecy Act and...

Politics

It was not only Americans tuning into the U.S. presidential debate Tuesday night as former President Donald Trump and Vice President Kamala Harris faced...