Apple has been forced to cut back on HomePod orders due to 'tanking' sales, report claims

Apple's HomePod doesn't appear to be as big of a hit as the tech giant had hoped. In January, the firm finally released its smart home speaker that was bid as a rival to the Amazon Echo and Google Home. But by last month, Apple slashed sales forecasts for the HomePod as inventory for the device began to pile up, Bloomberg reported, citing sources close to the situation. In January, the firm finally released its smart home speaker that was bid as a rival to the Amazon Echo and Google Home. It also cut HomePod orders with one of its manufacturers that assembles the device for the company, Inventec, according to Bloomberg.