Sonos Announces Plans for Price Hikes and New Product Lull

Shares of Sonos Inc. fell slightly Thursday after the audio brand said it would raise prices on some products and that it isn’t planning to introduce new hardware in the near term.

The price increases are a response to the latest tariffs levied by the US on Vietnam and Malaysia, where Sonos devices are manufactured, the company said Wednesday during its third-quarter earnings call. It wasn’t immediately clear which products will be affected.