smart speaker craze start
Just As The Smart Speaker Craze Starts To Take Off, Sonos CEO Resigns
Since its founding nearly 15 years ago, Sonos has amassed a devoted following among audio enthusiasts for its high-end, WiFi-connected speakers. But now its business is endangered by a new breed of speakers powered by artificial intelligence assistants from the likes of Google and Amazon. They're starting to eat into the company's bottom line. In the midst of that change, Sonos cofounder John MacFarlane is stepping down as CEO after leading the company since 2002. Sonos president Patrick Spence will be taking over as CEO.