Jan 24, 2018   SOURCE: PR NewsWire

Smart Speakers: Apple to sell 3.8 million HomePod speakers in 2018 for less than 10% market share says Strategy Analytics

BOSTON, Jan. 24, 2018 /PRNewswire/ -- Apple will finally launch its HomePod smart speaker on February 9(th) 2018 and will be hoping that its music-first approach will help it to make inroads into Amazon and Google's early market lead.

    --  Regardless of whether Apple had managed to launch the HomePod on time
        back in December 2017, Apple starts a long way behind its rivals in the
        smart speaker market and faces a significant challenge when it comes to
        taking consumer mindshare away from Amazon and Google.

    --  Of course, history has repeatedly shown that Apple is capable of
        achieving considerable success even when entering an already crowded
        market but there is growing sentiment that Apple may have left it too
        late this time to make a significant impact in smart speakers. Despite
        being first to market Siri's capabilities have fallen well behind those
        of Amazon's Alexa and the Google Assistant while Strategy Analytics
        consumer research findings suggest that Apple will find it very
        difficult to persuade existing Amazon Echo or Google Home users to
        switch to Apple's Siri-powered HomePod. Owners of these devices are much
        more likely to buy a secondary product from the same company.

David Watkins, Director of the new Smart Speaker service at Strategy Analytics, commented, "Amazon and Google are rapidly building their presence in the home thanks to their collaborative and open-source approach. Apple risks either missing out completely on the lucrative connected home market or at best becoming a niche player unless it urgently refocuses investment on improving its AI assistant capabilities and significantly broadens its HomeKit ecosystem."

About Strategy Analytics

Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com

European Contact: David Watkins, +33 153 409 952, dwatkins@strategyanalytics.com

US Contact: Bill Ablondi, +1 617 614 0744, wablondi@strategyanalytics.com

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SOURCE Strategy Analytics