Another UK price hike following Apple’s January iTunes increase.
California-based home sound system company Sonos will raise their UK prices by 25% to reflect the changing value of the pound against the dollar following the UK’s vote to leave the EU.
Sonos released a statement explaining the change: “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.”
According to The Guardian, Sonos’ most popular products, the Play:1, 3 and 5 speakers, will only increase price by 15% “from £169, £259 and £429 respectively to £199, £299 and £499.”
However, their Connect line, which enables users to play their digital music collections through a pre-existing speaker setup, will get a full 25% price hike “from £279 for the Connect and £399 for the Connect:Amp to £349 and £499 respectively.”
Back in January, the UK’s iTunes and the App Store both increased their prices by 25% for the same reason, raising the price of a £0.79 app or single to £0.99.