The app problems are having a ripple effect within Sonos. In addition to the remediation that will cost Sonos up to $30 million, the company is also delaying two hardware releases.
Spence said:
>The app situation has become a headwind to existing product sales, and we believe our focus needs to be addressing the app ahead of everything else. This means delaying the two major new product releases we had planned for Q4 until our app experience meets the level of quality that we, our customers, and our partners expect from Sonos.
Sonos didn’t specify the devices affected, but Sonos has been rumored to be planning a new flagship soundbar to succeed the Arc.
With these delays in mind, Sonos expects $240 to $260 million in fiscal Q4 revenue, compared to $397.1 million in fiscal Q3 2024 and $305.1 million in fiscal Q4 2023.
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