It’s been an notorious yr for software program updates gone incorrect. However what’s the worst-case state of affairs for a buggy replace? Sonos could also be looking for the reply as its cell app replace continues to derail its greatest laid plans.
In its most up-to-date earnings name, the corporate introduced that it had no selection however to delay two product releases attributable to ongoing work on the software program entrance. Now, Bloomberg’s Mark Gurman studies that one in every of these two merchandise is a set-top field that might compete with the Apple TV and different Roku-like units.
However that’s not all; the corporate’s status has been tarnished, and it’s going to be onerous to recuperate. In line with Bloomberg, Sonos’ new Ace headphones are underperforming, and inventory is down — even after it performed a spherical of layoffs.
The query now’s: has Sonos hit all-time low, or can it spiral down even additional?
