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Shares of Sonos, Logitech fall after Apple removes their speakers from its stores

·1-min read

(Reuters) - Shares of audio device makers Sonos Inc <SONO.O> and Logitech <LOGN.S> fell on Tuesday after their speakers were removed from Apple Inc's <AAPL.O> online stores.

Apple's website now only has products from Beats, a company it bought in 2014, and its own speakers and headphones, checks made by Reuters on Tuesday showed.

"We regularly make changes to the products we sell as new third-party accessories are introduced or customers' needs change," an Apple spokesman said in an email.

Shares of Switzerland-based Logitech were down 5.7%, while Sonos fell 3.2% on the Nasdaq.

Cupertino, California-based Apple has taken this approach in the past around new product launches. It stopped selling Fitbit Inc's <FIT.N> fitness bands and smart watches after coming up with the Apple Watch, according to media reports.

Bloomberg reported https://bloom.bg/33BYc8C late on Monday that the rival products were removed from its online store in late September and that its employees at their brick-and-mortar stores were also asked to remove the products in recent days.

(Reporting by Subrat Patnaik and Tiyashi Dutta in Bengaluru; Additional reporting by Thyagaraju Adinarayan in London; Editing by Maju Samuel and Shounak Dasgupta)