Sonos becomes latest tech firm to announce post-Brexit price increases

Massive Sonos Brexit price hike coming: Buy your Playbar, Sub and speakers before it arrives

"Over recent months, there has been a significant change on the U.S. dollar to GBP [GB pounds] exchange rate. As a result, our existing pricing has become unsustainable".

Music lovers face paying more to listen to their favourite tunes at home after USA speaker-maker Sonos said it would hike United Kingdom prices by up to 25% following the post-referendum slump in the pound. Other products including the popular Play range will see price rises of around 15%.

SPEAKER MAKER Sonos has become the latest tech firm to announce that it'll be increasing its prices in the United Kingdom because of bloody Brexit.

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.

"Really disappointed Sonos is jumping on the Brexit bandwagon as an excuse to raise prices", one Sonos customer posted on the firm's forum boards.

Energy Sends US Producer Prices Up
Projections for the producer-price index ranged from an advance of 0.2 percent to 0.5 percent, according to the Bloomberg survey. On Wednesday, the Labor Department is scheduled to release its more closely watched monthly report on consumer price inflation.

The refreshed pricing tiers will see some Sonos speakers increase by as much as £100. Other products like the Sonos Connect and Connect: Amp will also be getting a substantial price increase.

Sonos joins a growling list of USA technology firms that are increasing prices due to the weaker pound.

This is no critique of capitalism, or the American way, or even the dehumanizing effect of technology - she's only complaining because the people she's observing haven't dropped hundreds of dollars on Sonos speakers.

So from 23rd February if you want to buy any Sonos product you'll have to pay more.

What do you think of the Sonos price rises?

Related news: