iPhone Users Look Psyched to Spend Almost $400 on Apple’s New HomePod

Apple (AAPL) is famous for a high cost tags on products, nonetheless it still managed to satisfy some gasps with a $349 cost on a arriving HomePod

The Siri-powered HomePod is a intelligent orator that will contest with a some-more pretty labelled Amazon (AMZN) Echo, that retails for $179.99, and a even some-more pretty labelled Google Home from Alphabet’s (GOOGL) Google unit, that retails for $129.99. It’s value observant that Amazon also has a cheaper chronicle of a Echo, a $49.99 Echo Dot.

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But even suspicion a HomePod is $170 some-more than a nearest-in-price competitor, Apple fans are fervent to get their hands on it when it debuts in Dec only in time for a holidays. A Raymond James consult of 500 consumers in Jun showed that about 14% of iPhone owners intend to buy a HomePod, that is some-more than a 6% of respondents that indicated they wanted to buy an Apple Watch in a identical consult a organisation conducted forward of a wearable’s recover in a open of 2015. 

However, a competitors have had a suggestive conduct start. The Amazon Echo has already been out for tighten to 3 years and a Google Home has been out for about a year. According to a same survey, 16% of respondents devise to buy an Echo, while only 2% devise to buy a Google Home. However, 5% devise to buy a orator from Apple’s Beats Music, that brings Apple to a sum of 19% when it comes to pragmatic orator purchases by iPhone users. 

The Amazon Echo’s three-year conduct start has authorised a association to ideal a orator and it’s authorised people to turn gentle with it. The Amazon Echo now has 70% of a U.S. voice-controlled orator market, compared to Google Home’s 24%, according to a note from Cowen and Co. researcher John Blackledge this week. To put that in perspective, a organisation estimates that 12.3% of U.S. households have an Echo device. 

When Apple announced a HomePod during a annual developer’s discussion in early June, a association attempted to position it as a music-first orator to compute it from a Echo. The association focused on a peculiarity of a orator and on a Apple Music integration. However, Amazon seemed to take a strike during Apple’s music-focused selling debate with a annual Prime Day this week by charity 4 months of sum song for a sum of 99 cents by Amazon, CNBC noted. Amazon is operative to close business into a possess song ecosystem.

Amazon’s Music Unlimited choice with entrance to tens of millions of songs and ad giveaway listening customarily costs $7.99 per month for Amazon Prime members or $9.99 for non-Prime members. For comparison, Apple Music and Spotify cost $9.99 per month. Apple Music is adult to 27 million paid subscribers, while Spotify upheld 50 million profitable subscribers in March. 

Apple’s shares rose 0.9% to $149.07 on Friday afternoon.

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