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Sonos revenue falls in the aftermath of company’s messy app debacle
Sonos is trying to get back on track with the Arc Ultra.
CEO Patrick Spence has taken accountability for the app situation, and last month, Sonos announced multiple commitments that it believes will prevent another colossal screwup like this from happening again. “The Sonos flywheel remains strong, as evidenced by the fact that the number of new products per home increased in fiscal 2024,” Spence said in today’s press release. The company also reported its “all-time highest annual market share” in home theater, another positive sign during a time when morale among Sonos employees remains low.
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