Apple HomePod Heads to China, Beating Amazon and Google
(Bloomberg) -- Apple Inc. on Wednesday said its HomePod wireless speaker will go on sale in China next year, potentially beating Amazon.com Inc. and Google to the world's most-populous nation.
On its website in China, Apple added a banner that said the speaker will go on sale in "early 2019." The Hong Kong website announced a similar move. The speaker will cost HK $2,799 ($358), according to the website, roughly in line with pricing in the U.S. and other countries.
The HomePod originally launched in the U.S., Australia, and U.K. in February 2018, and expanded to Canada, France, and Germany in June. It also debuted in Mexico and Spain in October.
The launch in China is notable as this would make Apple the first major smart speaker maker from the U.S. to launch in China's huge internet market. Amazon and Alphabet Inc.'s Google don't sell their popular smart speakers in China currently. Major local players, like Xiaomi Corp. and Alibaba Group Holding Ltd., dominate the Chinese market for the devices at the moment.
Apple has an advantage over Google and Amazon in the Chinese smart speaker market as the company's Siri voice assistant supports Cantonese and Mandarin, while Google's digital assistant and Amazon's Alexa don't. Apple also already has a slew of integrated services in China and Hong Kong, like iCloud, Maps and Apple Music. On the other hand, Google's internet offerings in mainland China have long been limited.
So far, the HomePod hasn't sold well compared with the company's other accessories like the AirPods. But continued international expansion will likely improve its prospects. Loup Ventures estimates that Apple will sell about 20 million HomePods a year by 2025, compared with Google selling nearly 200 million units and Amazon shipping about 138 million units that year.
According to Canalys, China was the fastest growing smart speaker market in the second quarter of 2018, contributing to 52 percent of the category's growth globally.
Apple also released on Wednesday a standalone version of its USB-C charging adapter for iPad Pros and a clear case for the iPhone XR.
--With assistance from Jacob Gu.
To contact the reporter on this story: Mark Gurman in San Francisco at mgurman1@bloomberg.net
To contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Alistair Barr, Andrew Pollack
©2018 Bloomberg L.P.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.