Sonos just reported its most recent quarterly earnings, which are well below expectations. “Since June, we have found the macro environment to be very difficult for us,” CEO Patrick Spence said in a statement. But Spence was also confident about the future. “We expect to operate from a strong position as we weather the current environment. We are profitable, debt-free and have huge market opportunities,” he added. .
So far, we don’t have pricing or other details for the Sonos Sub Mini, but we do know that it went through the US regulatory approval process in June.
Sonos has confirmed that the company will be launching a new product, believed to be the long-rumored Sub Mini, after a “difficult” quarter hit by currency fluctuations and inflation. Sonos spokesperson Erin Pategas told her The Verge (opens in new tab) that the “planned product launch” was delayed from Q4 2022 to Q1 2023 confirmed. Sonos has not confirmed the existence of the Sub Mini, but it is widely believed to be the product in question. Based on what we think we know so far, it will be a cheaper and more affordable version of the existing Sonos Sub.
This is one of the reasons the Sub Mini exists. This is to give the purchaser more options for his home speaker system. In addition to hardware, Sonos also works hard to maintain and improve the essential software products for transmitting audio over Wi-Fi networks. If the rumors are to be believed, big upgrades are in the works in this department as well.
Analysis: No rush to Sonos
In general, Sonos is trying to release two new products each year these days. We’ve already seen the Sonos Ray in 2022. It’s a compact, affordable soundbar that impressed us quite a bit when we tested it. However, the company is in no hurry to release new products or product updates. Wireless speakers are designed to last and will perform well for years before needing replacement. At the same time, the company doesn’t want to rest on its laurels as competition from Smart His speakers and other products increases.