Is Apple planning to release a cheaper version of its HomePod?

Apple is reportedly coming out with a cheaper version of its $349 HomePod, Business Insider reports. The company is following in the footsteps of Google and Amazon, both of which released'discount' versions of their own smart speakers, making the technology more accessible to a wider audience. The cheaper HomePod would cost somewhere between $150 and $200, and it would be smaller. The new report says it could be available as soon as this fall. Apple might be releasing a cheaper, smaller version of its HomePod speaker.