Apple Releases Studio Display Firmware Update to Fix Speaker Issue
Apple today released an updated version of the 15.5 firmware for the Studio Display, with the update coming more than two months after the Studio Display firmware was last updated. The prior version of the 15.5 firmware had a build number of 19F77, while the new version is 19F80.

Apple's release notes for the update confirm that it addresses an issue with the Studio Display speakers. Since the launch of the Studio Display, there have been complaints about the speaker quality. Apple last week sent out a memo to authorized service providers, acknowledging that some customers have had issues with the Studio Display speakers cutting out or offering distorted playback.
Apple said in the memo that a future update would fix the issue, hence today's firmware update.
The Studio Display firmware can be updated by connecting it to a Mac. Studio Display owners can go to System Preferences > Software Update to install the firmware.
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Top Rated Comments
It's called the "we just want "dumb" apple displays, no camera, no iPhone guts".
$1199 = 27"
$899 = 24"
Who is in?
It looks amazing, I’ve had no audio issues (though glad there’s new firmware), and the webcam now looks as good as any other built in webcam Apple ships in Macs, only with Center Stage (usefulness of that feature is debatable).
The only other 5K display on the market is ugly to look at, is 6 years old, and still costs $1,299. 4K is not the same as 5K. Hi-PPI/Retina is glorious. $1,599 is expensive but any $1,000+ display is a luxury item and I’m happy to have it.
I found release notes on Apple's site:
Source: https://support.apple.com/en-us/HT213110