It can. However, only if the issue was caused by the OS/firmware. Therefore, the proper procedure is to troubleshoot the minor causes first before moving on to a hard reset. As soon as the audio fails, users would jump out of their seats and perform a factory reset. Fortunately, the issue might have been solved just by increasing the volume. Performing factory resets all the time is not healthy for the device. On top of that, you will always have to deal with the initialization setup every time, and you will also lose pre-configured settings and user account information.