Even Amid Chip Crunch, Sonos CEO Sees 'Golden Age of Audio'

It's a “golden age of audio” where “everybody’s streaming,” whether it's music, podcasts or socially engaging with audio in new ways, said Sonos CEO Patrick Spence: There's also “the great reshuffling,” where the target audience is rethinking living and work situations as a result of work-from-home trends during the COVID-19 pandemic. Demand combined with component constraints have resulted in significant product delays for installations, he noted, amid a chip crunch. The situation will exist for a while, he said Thursday. “We’ll just try to keep everybody apprised of what we’re seeing.” Demand has been “nonperishable,” Spence said.