Sonos Inc on Wednesday forecast fiscal 2022 sales above analyst estimates, despite facing backlogs for its smart speakers because of supply constraints.
Santa Barbara, California-based Sonos has fended off challenges from major tech companies such as Apple Inc that tried to enter the market for premium-priced smart speakers but have since scaled back to lower price points. Sonos earlier this year introduced Roam, a sub-US$200 product that aims to introduce the Sonos brand to a broader audience.
Chief Executive Patrick Spence said the company imports its products via planes and ships, depending on the size.
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