But Sonos doesn't sell any services/subscriptions, just products, correct? So even if they wanted to have recurring revenue how would they do it? They sell gadgets?
They sell "Sonos Radio HD", a subscription based radio service which is supposed to be an upgrade from their free offering.
But as much as I dislike the "new" app, it doesn't push subscribing to this service, so I'm not sure they absolutely want device customers to become subscribers.
I'm sure it's one of the biggest questions asked by the Sonos C-suite: how do we get recurring revenue or make the moat wider. But that goes for every product company in the world.
But as much as I dislike the "new" app, it doesn't push subscribing to this service, so I'm not sure they absolutely want device customers to become subscribers.