Launch costs hit Sonova's profit, as it bets on new product with AI tech
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Sonova reported half-year core profit below market expectations on Tuesday, hit by costs related to the launch of its new AI-boosted hearing device which it is betting on to regain market share. The world's largest maker of hearing aids reaffirmed its targets for the year through March 2025 and projected significantly higher profitability in the second half of it, buoyed by stronger sales and easing launch costs. However, it said it was initiating targeted cost measures to improve its
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