Apple Stock News: New Speaker To Rival Amazon And Google

Apple Stock News

For the latest Apple Stock News, AAPL closed at $152.76 on Wednesday, May 31st, 2017. It had a loss of -0.59%  from its previous close of $153.67 per share.

The latest rumoured device from Apple (AAPL), set to reach your home, will be a Siri-controlled smart speaker. It is rumoured that Inventec Corporation, manufacturer of the AirPod wireless headphones, will also add the speaker to its production line.

The Siri-controlled smart speaker will compete with Amazon’s (AMZN) ‘Echo’ and Alphabets’s (GOOGL) ‘Google Home’. The device is not expected to be ready to ship until next year. Although, the debut could come as soon as the annual developer conference later this month.

The speaker will provide a hub for Apple’s HomeKit home automation system. It will allow users to control other devices, lights, door locks and window blinds. Competition in Google Home and Echo have upgraded their speakers to support voice calls. In the meantime, Echo has been fitted with a touchscreen. The Apple device will differ from competition, through its offering of surround sound technology and deep integration with other Apple products.

With Apple’s lofty expectations of reaching $50 billion in services revenue by 2020, a product such as this speaker may help to compliment its Apple Music service. Moreover, this could contribute to Apple’s rising stock performance.

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