File photo: An Apple Inc. HomePod speaker sits on display during the Apple Worldwide Developers Conference (WWDC) in San Jose, California, US on 5 June, 2017. Photo: BloombergSan Francisco:When Apple Inc.’s HomePod smart speaker went on sale in January, it entered a market pioneered and dominated by Amazon’s Echo lineup of Alexa-powered devices. Three weeks after the launch, weekly HomePod sales slipped to about 4% of the smart speaker category on average, the market research firm says. During the opening pre-order weekend, the HomePod grabbed 72% of revenue in the smart speaker category. Gene Munster, a co-founder of Loup Ventures and a long-time Apple watcher, expects HomePod sales to pick up in the holiday shopping season.

Source: Mint April 12, 2018 13:07 UTC