Sonos’ Sub Mini wireless subwoofer, which was recently spotted in an FCC filing, is likely delayed. As reported by The edgeSonos, after reporting its third quarter results Wednesday announced that it was pushing back a product launch that was planned for the near future.
The product in question is “almost certainly” the Sub Mini, which is an entry-level subwoofer that features a cylindrical design and a pill-shaped cutout in the middle. The product is still coming out this year, albeit a bit later. “We’re still considering what type of product it is and the timing,” Sonos CEO Patrick Spence said on the conference call. “We remain committed to launching two new products each year.”
A Sonos spokesperson confirmed the delay in a statement given to The edge.
Additionally, according to Brittany Bagley, Chief Financial Officer of Sonos, the company is holding on to more inventory than it would like and is facing a tough fourth quarter amid global economic turmoil, persistent inflation and a stronger dollar. American.
“We saw the macroeconomic backdrop become much more challenging for us from June as the stronger dollar and high inflation hurt consumer sentiment around the world, particularly in the categories we play in,” he said. Spence said when reporting Sonos’ third-quarter fiscal results. . “While we cannot predict when macroeconomic conditions will normalize, we remain confident that when they do, we will return to double-digit revenue growth.”