If you’re a Sonos fan who expects the company to release a small, cheap wireless speaker to rival the Amazon Echo Dot (4th gen), it sounds like you’ll be disappointed.

Sonos CEO Patrick Spence recently conducted an interview with Time (opens in new tab)in which he talked about some of the mistakes he’s seen during his career, and he talked about the potential of a budget Sonos speaker…or rather the lack of potential, shall we say.