High-end sound equipment specialist Sonos (NASDAQ: SONO) is moving forward with its supplier diversification plans that will see more production move out of China and into Malaysia, particularly for products to be sold in the U.S.
While that will help the company deal with the fallout from tariffs imposed on products imported from China, it also means consumers will see higher prices as a result. Sonos will be raising the price of its new Port and Amp components by $50 each, and while that will put its products a little further out of reach of most consumers' discretionary spending, investors should be heartened by the move.
Sonos Amp and built-in ceiling speakers. Image source: Sonos