The "HomePod" speaker unveiled Monday is similar to devices from rivals, some of which have been on the market for years. It unveiled the Apple Watch in September 2014. Apple "can't afford to yield valuable real-estate in the heart of people's homes to Amazon, Google and others," said Geoff Blaber, research analyst at CCS Insight. Apple is also bringing the ability to send money to friends or other people through its payment service, Apple Pay. In a nod to Amazon streaming fans, Apple is also bringing Amazon Prime to its Apple TV app.

Source: ABC News June 05, 2017 11:21 UTC