Apple has cut the price of the HomePod

HomePod

Technically, reviews have praised the HomePod's engineering and design and strong sound quality, but they commonly over shadow by the high price. Even Apple Music subscribers have more options, as Apple has partnered with Amazon to offer playback on all Echo devices.

Apple (AAPL) has been cutting the prices of its hardware products.

Apple has officially cut down the price of the HomePod from $349 to $299.

Apple today dropped the price of the HomePod on its online store. According to John Gruber, Apple sells the HomePod at a loss and the company makes no profit from it at all. Both Amazon and Google also have a smaller version of their smart speakers, which are comparatively much more affordable. It is also limited to playing music only from Apple Music and you need to use AirPlay from your phone if you want to use any other music service with it.

Specifically, the HomePod has been criticized for its lack of third-party services and the overall reliability of Siri, Apple's smart assistant. Apple says it is simply passing on savings that have been made in manufacturing.

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But if you're in the market for a HomePod, it's a great time to buy, especially since there haven't been any HomePod 2 rumors to speak of.

Would you be here for a low-priced HomePod?

If you've forgotten that Apple still sells a smart speaker, you're not alone.

The HomePod has been consistently outsold by much cheaper alternatives from Google and Amazon, but the previous $349 pricing placed it firmly in a premium market that is much narrower than the one dominated by more accessible products from competitors.

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