Sonos is a Hot Player in the Smart Home Market. – Info News
We all know and love Sonos for their tremendous sounding speakers. What if I told you that was just the early beginnings of their empire?
Last Thursday, Sonos (NASDAQ: Sono) IPO’d at $15/share. It traded as high as $23.60 during its first two days trading.
However, Sonos has different plans.
With the introduction of the Sonos Beam into their line of premium quality speakers, they plan on snatching up market share on smart home hubs, allowing you to connect to Alexa and Google Home voice services.
With this, I’m intrigued to see its future earnings potential and product line(s).
Perhaps they plan on being the #1 Smart home hub that will connect to all our Smart home appliances, gadgets, and devices.
Their brilliant engineering combines a sleek look with robust sounds.
It goes unmatched by the Echo and Google Home (and Apple’s Homepod). Even with equalizers added to the Echo, all three fall significantly short concerning sound quality.
A cool feature of the Beam is that it makes you go through a nifty sound programming test to ensure you hear the best sounds regardless of where you are positioned inside the room, while it’s playing. It’s all completed through their easy-to-use app; takes about 5 minutes to complete.
The connectivity to the app is also incredibly flawless. I haven’t had an issue yet, and I’ve had it for about 2.5 weeks now.
Another significant part designed into the Beam is in its inputs; I can easily connect it to my Xbox One for a fuller gaming experience.
Easy to use (touch) volume, play/pause, and mute buttons are located on the top:
Additionally, after I hooked it up to Alexa, I tested it out, and it worked seamlessly and on command.
With revenue just under 1B for 2017 Fiscal, and over 19 million devices sold, I expect big things from them.
Short term sell-offs may occur, as they do with any tech stock, but long-term prospects can be significant.
Just like Apple, Facebook, Tesla, and Twitter, they have a massive (and growing) cult following.
Many individuals not only buy one single speaker, but multiple speakers to place throughout the house.
Their differentiators are in sound quality and simplicity, and until any competitors can catch them on these, it’ll be smooth sailing.
*Disclosure: I have no positions in SONO at this time*
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Thanks for reading.
Article Prepared by Ollala Corp