Sonos is jacking up prices on a slew of its high-ticket speakers, and says the UK's Brexit-linked currency woes are to blame.
The company on Monday said it would raise prices on February 23, increasing the cost of its music speakers, wireless receivers and home-theater accessories by as much as 25%. "In the United Kingdom, this includes local taxation and import duties, but we pay for everything we make in U.S. dollars", the firm said in a statement. As Sonos told the Graun, "Over recent months, there has been a significant change on the USA dollar to GBP exchange rate".
The reason, unsurprisingly, is Brexit.
The company's Connect:Amp will receive the full 25% increase, with its price rising from £399 to £499, Sonos said.
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As a result, the price of Sonos' PLAY: 1 will rise 18% in terms of the pound, while the PLAY: 3 will rise 15%.
If you're after a new Sonos speaker, you're going to need to act fast though, with the price hikes coming into force later this month.
Thankfully, because Sonos has given us all a heads up, it means we can still get its kit for the current prices (perhaps a little cheaper if you shop around).
If you've had your eye on a Sonos speaker, you should probably pick one up now as the price increases will not be put in place until 23 February. Apple has already added as much as £300 to the cost of an iMac, and a wallet-busting £500 to the top of the line Mac Pro.