The pandemic is still affecting companies in the Zacks Audio Video Production industry. Declining consumer demand and supply chain disruptions are a major concern. Also, fierce competition from importers of comparatively low-priced devices weighs on these industry players. Online accessibility of recording equipment and the availability of distribution channels on the Internet remain headwinds. The companies are concentrating on the premium segment of the branded products market for business growth Sony Corporation SONY, Sonos SONO and GoPro GPRO are likely to benefit from investments in cutting-edge technology solutions that create better communications experience.
Source: 3 Audio Video Stocks to Watch in a Challenged Industry