Sonos Reduces Fiscal Guidance
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new product launchesEngadget
•Sonos is delaying two product launches until it fixes its buggy app
74% Informative
Sonos has reduced its 2024 fiscal guidance as a result of "problems" with its app update.
The company also said on its Q3 earnings call it will delay two new product launches planned for Q4 until the app is fixed.
CEO Patrick Spence said the total cost of fixing the issues with the app will cost the company $20-$30 million .
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