Apple unveils $349 HomePod to compete with Amazon Echo, Google Home

Apple will compete with Google Home and Amazon Echo later this year with a new speaker called HomePod. Apple says its looking to "reinvent" the way we listen to music in the home. Apple said the same chip used in the iPhone will power the speaker. "It's the biggest brains ever in a speaker," said Apple senior vice president Phil Schiller. The HomePod speaker will sell for $349, twice as much as the Amazon Echo.