Technology
Sonos must avoid the fate suffered by Fitbit and GoPro: CHARTS
Sonos’ IPO last week showed a promising forecast for the home audio system company, with shares eventually level ling out to about $19.
The company is now valued at $1.5 billion, but investors are concerned about Sonos’ long-term endurance as it gravitates toward producing products with longer shelf lives, which result in longer replacement cycles.
As this chart from Statista shows, the track record of other consumer hardware companies like Fitbit and GoPro is a trajectory that Sonos should avoid. Both companies saw encouraging IPO results before declining sales eventually caused share prices to drop nearly 80%.
Jenny Cheng/Business Insider
Get the latest Fitbit stock price here.
-
Entertainment7 days ago
Earth’s mini moon could be a chunk of the big moon, scientists say
-
Entertainment7 days ago
The space station is leaking. Why it hasn’t imperiled the mission.
-
Entertainment6 days ago
‘Dune: Prophecy’ review: The Bene Gesserit shine in this sci-fi showstopper
-
Entertainment5 days ago
Black Friday 2024: The greatest early deals in Australia – live now
-
Entertainment4 days ago
How to watch ‘Smile 2’ at home: When is it streaming?
-
Entertainment3 days ago
‘Wicked’ review: Ariana Grande and Cynthia Erivo aspire to movie musical magic
-
Entertainment2 days ago
A24 is selling chocolate now. But what would their films actually taste like?
-
Entertainment3 days ago
New teen video-viewing guidelines: What you should know