Sonos shows some early signs of success with its unusual partnership with IKEA, which started selling low-price speakers bearing the Sonos brand
Hardware companies are hard for investors to love. Sonos has been making that easier lately.
The company’s fiscal third-quarter results on Aug. 7 beat Wall Street’s expectations thanks to strong sales of its connected speakers. The report also included some early signs of success for the company’s unusual partnership with IKEA, which started selling low-price speakers bearing the Sonos brand just the week before. And last week Sonos launched a line of new speakers, along with a $50 million share-buyback program. The company’s...
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