A speaker includes: a frame, a vibration system, including a diaphragm, a voice coil, and a flexible circuit board, the flexible circuit board including a first fixing portion, a second fixing portion, and an elastic arm, and a magnetic circuit system, including a yoke with a through hole and a main magnet and a secondary magnet fixed to the yoke, the secondary magnet surrounding and spaced from the main magnet for forming a magnetic gap, the voice coil located in the magnetic gap, wherein a projection of the elastic arm along a vibration direction of the diaphragm is at least partially located in the through hole, the speaker further comprises a connecting piece connected with an outer surface of the yoke, the connecting piece covers the through hole. Compared with the related art, the speaker disclosed by the present disclosure has better acoustic performance.