Sonos Delays Products, Cuts Guidance as It Scrambles To Fix Buggy App

Key Takeaways Sonos lowered its outlook and delayed two product launches as it worked to fix a bug in its new app. The company said it had to put its full attention on repairing the app problem, which has led to problems for some customers of its audio products. The news overshadowed the firm's better-than-expected fiscal third-quarter results. Sonos (SONO) shares slumped on Thursday, a day after the maker of headphones and home sound systems cut its guidance and delayed two hardware releases as it races to ...