Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
Login Archives Your Team About Us FAQ
[mmpazkzone name="azk58712-mobile-nav" network="9794" site="307044" id="222451" type="5"]
  • Subscribe
Enter stock ticker or keyword
×
[mmpazkzone name="azk58712-mobile-sticky" network="9794" site="307044" id="222451" type="5"]
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: Apple

Will Apple's HomePod Be a Home Run?

By Stephen Mack, Associate Editor, Money Morning • June 6, 2017

Start the conversation

Leave a Reply Click here to cancel reply.

You must be logged in to post a comment.

The big tech news this week is Apple Inc.'s (Nasdaq: AAPL) introduction of the HomePod, a voice-driven speaker to compete with Amazon's Echo (though Apple is playing down the comparison).

The HomePod is essentially a delivery device for Apple's services, which currently generate $28 billion a year in revenue. Apple Music is estimated to have over 20 million users. No doubt the company is hoping the HomePod, which will retail at $349 starting in December, will drive that number up.

Apple's success in the past hasn't come from inventing new products. The iPod wasn't the first MP3 player, and the iPad wasn't the first tablet. But Apple does have a knack for taking an existing product and creating the brand that dominates the market. Will the HomePod be the next chapter in that story?

Money Morning Director of Technology & Venture Capital Research Michael Robinson joined CNBC World Monday night to weigh in with his take on what the announcement means for Apple stock:

The Biggest IPO of the Year: A highly anticipated IPO will happen any day now, and analysts are projecting a massive 254% gain right off the bat for private investors. But you must hurry. Read more...

Follow Money Morning on Facebook and Twitter.

[mmpazkzone name="end-story-hostage" network="9794" site="307044" id="138536" type="4"]

ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us How Money Morning Works FAQs Contact Us Search Article Archive Your Team Text Messaging Terms of Use
TOPICS
AI Investing Best Stocks to Buy Stock Forecasts Stocks to Sell Now Technology Stocks Best REITs to Buy Now IPO Stocks Penny Stocks Dividend Stocks Cryptocurrencies How to Trade Options Best Trades to Make Now Options Trading Strategies Weekly Trade Recommendations Income Investing Guide Retirement Articles Special Investing Reports Meet Our Experts
PREMIUM SERVICES
Money Map Press Home Fast Fortune Club Microcurrency Trader Rocket Wealth Initiative Quantum Data Profits Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance Rob Roy Trader Long-Term Equity Profits

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information