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Sonos Hikes Prices in the UK Because of Brexit

Their products are slated to go up from 15-25%.

Sonos has announced that they will have to hike up prices in the UK due to the changes Brexit has brought upon the US-based company. 

The California brand has explained that their price change largely depended upon the exchange rate, affected by Brexit. 

"We pay for everything we make in US dollars. Over recent months, there has been a significant change on the US dollar to GBP exchange rate. As a result, our existing pricing has become unsustainable and, like many other companies, we have to increase prices for all products priced in GBP."

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The Play:1, 3 and 5 speakers are slated to increase by about 15%, while Connect line is expected to go up by the full 25%.

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