Sonos hikes United Kingdom prices by 25% due to effects of Brexit
As you may know, Sonos isn't the first to raise its prices because of Brexit.
In a statement, the company revealed that it would be increasing prices by up to 25% in response to the dwindling value of the United Kingdom pound when traded against the U.S. dollar.
"Over recent months, there has been a significant change on the U.S. dollar to GBP [GB pounds] exchange rate". In some cases, prices are increasing as much as 25%, and when we're talking about the high-end, that kind of jump can hurt.
The reason, of course, is the dramatic fall in the value of the pound following the result of the country's Brexit referendum, as the company explained. So the fact that Sonos is increasing the price of a four-year-old speaker that has never had an official R.R.P price drop will likely grate with customers. Its CONNECT: AMP and BOOST products will increase by a sizable 25% to £499 and £99, respectively.
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