As The Smart Home Race Heats Up Will Apple’s HomePod Be Left In The Dust?
Smart home speakers are seeing an exponential growth. These devices offer the users fantastic sound systems along with being the hub for their smart house. The built-in smart assistants set reminders, help with household chores, and tells the weather forecast. With Amazon Echo and Google Home dominating the market, many are left wondering about Apple’s HomePod, which was once expected to be an active competitor.
By the end of this year, Echo devices will make up about 50% of the market share while Google Home will be responsible for about 30%. However, HomePod does not seem to be in this race at all, with just 4%. The HomePod is expected to make up only 10% of the market share by 2022. Though it is more than its current standing, it is not even slightly close to its competitors.
On the other hand, it would appear that Google will soon be catching up to Amazon with its Home speakers.
With other companies also entering the smart speaker market, it is likely that we will see them capturing a decent share of the market as well. If Apple wants to retain their old customers and attract new ones, it looks like a lower-priced version of the device might help.
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