Is Apple's HomePod failing?

A report from Bloomberg earlier this week claimed that Apple's HomePod isn't doing so well, and that the company cut orders for new hardware from suppliers. This might not shock some of you: Apple missed the all-important holiday buying season and is competing with less expensive hardware from Google, Sonos and Amazon. But is the first smart speaker with Siri already a failure, or does the HomePod simply need time to find its place? I'm not in any way surprised that the HomePod has fizzled, simply because it's a weird product with a very weird proposition. I seriously considered buying it in the run-up to its launch, but ultimately couldn't find a strong enough reason to plunk down $350.