Tuesday, July 17, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Roku Debuts Roku TV Wireless Speakers
New Windows 10 Upgrade to Bring Changes to Notepad, Edge
YouTube Copyright Match Tool Fights Content Stealing
Amazon to Compete With Cisco in Networking Equipment: report
Twitter, Facebook, Alphabet to Testify at U.S. House hearing
Google's Head Chip Designer Moves to Facebook
U.S. DoJ Indicts 12 Russian Intelligence Officers for Hacking Offenses Related to the 2016 Election
PC Shipments Grew For the First Time in Six Years During the 2Q of 2018
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Consumer Electronics > Sonos F...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, July 06, 2018
Sonos Files for IPO


Wireless speaker company Sonos Inc filed for an initial public offering on Friday, as the popularity of streaming music though smartphone apps on connected audio systems is increasing.

Sonos, founded in 2002, is making hi-tech speakers compatible with many music streaming providers including Apple Music, Pandora, Spotify and TuneIn. The company has grown to become a big player in the competitive home audio market, battling established players such as Bang & Olufsen, Bose and Sony as well as Apple. The company's latest voice-controlled speakers use Amazon's Alexa technology, putting them in competition with Apple's HomePod speakers, which are powered by Siri. But Sonos ' products also are being integrated in Apple's new AirPlay 2 wireless music-streaming system and Google's Assistant.

Sonos said as of March 31, its customers had registered more than 19 million products in about 7 million households around the world. In fiscal 2017, people listened to about 5 billion hours of audio content using Sonos products, about a third more than in the previous year, according to a regulatory filing.

It is not clear how many shares Sonos planned to sell or their expected price. The company set a placeholder amount of $100 million to indicate the size of the IPO. It is targeting a valuation of about $2.5 billion to $3 billion according to some reports.



Previous
Next
HTC's Sales Slump 68 Percent        All News        LG Electronics' Expects Operating Profit Up 16.1 pct in Q2
Roku Debuts Roku TV Wireless Speakers     Consumer Electronics News      Samsung The Frame TVs Start from $2,000

Get RSS feed Easy Print E-Mail this Message

Related News
Sonos Beam Home-theater Smart Speaker Offers Alexa and Apple Airplay 2 Integration
Sonos PLAYBASE Soundbar Provides More Than TV Sound
Apple Music On Sonos Now Available
Sonos Introduces Trueplay Tuning Software and New Flagship PLAY:5 Smart Speaker
Sonos Sues Denon Over Wireless Speaker Patents

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .