DECOUPLING: Sonos raises prices on pro products as production moves out of China. “Sonos telegraphed this move earlier in the year, telling analysts on earnings calls that it would be moving production out of China and prices might be affected. The company tells me the move is less about tariffs, which it called a ‘one-time hit,’ and more about diversifying production for the future.”

I suspect the price hikes might be temporary (unless Sonos finds they don’t affect sales), as countries like Malaysia and Vietnam improve their industrial base the way China did.