Focusrite points to market share gains as it faces challenging conditions

This was always going to be a tough set of results for Focusrite (TUNE), after the music and audio hardware and software company cut its guidance last month in a context of "challenging market conditions". The shares lost a quarter of their value after that update, and they dropped by 10 per cent on the morning of the results as the business contends with a continuing comedown after a pandemic demand boom.