Sonos filed papers with the US Securities and Exchange Commission for an initial public offering (IPO). The multi-room audio company was founded in 2002 and by 31st March this year had sold 19 million products in roughly 6.9 million households around the world. Despite being the leading company in the multi-room audio business with sales of $992.5 million in revenue in the 2017 – a 10% increase on 2016 – it wasn’t enough to turn […]
Smart Speakers will fuel the next wave of music consumption and market growth. 48% of all Smart Speaker owners have a premium subscription to a music-streaming service and with global sales of 24m-27m Smart Speakers in 2017, 55% of US households will own a Smart Speaker by 2022. […]
Smart Speakers are internet-connected speakers controlled by voice commands coupled with an artificial intelligence (AI) assistant responding to the owner’s requests. These voice controlled personal assistants are often referred to as Voice Assistants (VA). The most popular VAs are Amazon’s Alexa and Google’s Google Assistant with Siri powering Apple’s HomePod and Cortana controlling Microsoft enabled devices. Traditional electronics companies are rapidly playing catchup and Samsung recently announced its own Bixby powered speaker which is scheduled […]
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