Danish design company Bang & Olufsen has just reported its third consecutive quarterly loss. In the three months since November, the firm's operating drop is listed as 77m kroner ($16,646,784.00) with poor sales in November blamed for the disappointing quarter.
Despite these losses, the company recently appears to have increased the prices on many of its products by 10 per cent. As reported by Bloomberg, customers may be hesitating over the asking price of B&O's pricier headphones, such as the third generation Beoplay H9 wireless over-ear headphones, which will set you back around $600—considerably more than the premium competition.
In terms of the company's latest home cinema releases, many potential buyers will no doubt love the look and finish of the 77-inch Beovision Harmony TV (complete with lavishly-designed built-in sound system) that Bang & Olufsen launched at Milan Design Week last year, but since it retails for more than $20,000 you'd need deep pockets. UK Magazine What Hi-Fi?’s review of the B&O Harmony TV concluded with the comment: ‘Of course, the question of who will buy it always looms large over a product such as this.’
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