Sennheiser’s headphone business has been bought by hearing aid manufacturer Sonova
Sonova, a Swiss company best known for its medical audio products like hearing aids and cochlear implants, is buying the consumer electronics division of German firm Sennheiser. That means Sonova is taking over Sennheiser’s portfolio of consumer headphones, wireless earbuds, and soundbars, moving into an expanding market for personal audio equipment.
Sennheiser announced it was looking for a buyer for its consumer business in mid-February “amid strong competitive pressure.” Although the company’s consumer products hit record sales in 2019, the firm still lost money with profit margins “under pressure” from global rivals. It cut 650 jobs and said “all options are open” to help the division.
N...
from The Verge - All Posts https://ift.tt/2RBPfs0
Related Posts :
What ‘The Social Dilemma’ misunderstands about social networks- Apple accuses Epic of ‘starting a fire and pouring gasoline on it’ in new Fortnite filing
- GM unveils ‘Ultium Drive’ family of electric motors
- VanMoof founders on S3 e-bike issues, delays, and new at-home support
- The new Apple Watch SE and iPad Air are better ‘better’ options
0 Response to "Sennheiser’s headphone business has been bought by hearing aid manufacturer Sonova"
Post a Comment