Sonos stock drops on report that Apple is purging third-party audio products from its stores – CNBC

Logitech cases, keyboards, and cams are still available from Apple and its stock was down less than 1% after hours.

Brands impacted include Logitech and Bose, in addition to Sonos. Physical Apple shops and its online store had formerly offered speakers such as the Sonos SL speaker and Logitechs Ultimate Ears Boom speakers. Apple likewise previously brought Bose noise-cancelling headphones. Apple started bring Sonos latest speaker, the Sonos One SL, in January. Apple regularly adds and eliminates third-party products its stores carry..

Sonos stock fell more than 2% in prolonged trading after Bloomberg reported that Apple has purged its online store of third-party audio products and instructed retailers to do the exact same.

Apple makes a range of audio items under its Beats brand name in addition to products such as AirPods cordless earbuds and the HomePod wise speaker under the primary Apple brand. Apple is working on a high-end set of over-ear earphones that will bring its own brand also, TF Securities analyst Ming-Chi Kuo said earlier this year.

Apple and Sonos representatives decreased to comment. Logitech did not immediately react to an ask for remark..

On Monday, a check out to the earphones and speakers category on Apples online store only showed Apple items. Previously, Apple stores had carried headphones and speakers from third-party makers returning years, particularly if they carefully integrated with Apple services like AirPlay, which allows users to stream music from an iPhone to a speaker without plugging in a cord..

In the quarter ending in June, Apple reported $6.45 billion in other products profits, which represented about 10% of the businesss sales. The sales classification consists of other items, such as Apple Watch, not simply headphones and speakers..