The HomePod entered into the market on February 2018. A large number of experts and analysts expected it to generate a massive number of sales. More specifically, they predicted it to outperform Amazon Echo in the global market. However, things turn out to be pretty different in the first two months. According to the latest Apple HomePod news reports, the device is performing very poorly in the highly competitive market of smart speakers. It is no longer considered as a potential hot seller.
Apple HomePod News: Market Share Declining Rapidly
When HomePod arrived in February, it managed to grab a significant market share of 14 percent. However, after three weeks, it declined massively by 4 percent, as said by Slice Intelligence. On the other hand, Amazon Echo takes over 70 percent market share consistently.
According to unnamed Apple workers, the unsold HomePod units are piling up in the inventory. And if the sale continues to decline, the Cupertino company will be in a huge trouble. In fact, it might trigger one of the major financial losses of the recent time.
But what can be the reason behind the whole situation? Other popular smart speakers, including Amazon Echo and Google Home, can do a lot of things that the typical ones cannot do. For instance, they are able to take your voice command for purchasing foods from the nearby shops. So, all the people expect HomePod to do the same thing. But obviously, it is not capable to do so. As a result, all the consumers are driven away from it.