Sennheiser plans to sell stake in headphone, soundbar business

Sennheiser plans to sell stake in headphone, soundbar business

Sennheiser on Tuesday announced that it is looking for a new partner for its consumer audio business, which includes headphones and soundbars, among others. Co-CEO Daniel Sennheiser said the firm will shift its focus to professional audio, including its Neumann microphone division. The company admitted the consumer electronics business is “highly dynamic” and has “strong competitive pressure”.

News Source : Hindustan Times

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