Amazon's Echo and Google's Home smart speakers may soon need to make way for a new challenger: Apple. According to Bloomberg, citing "people familiar with the matter," Apple is working on a smart speaker supporting digital voice assistant Siri. The company could unveil the speaker as soon as next week, when they kick off the annual Worldwide Developers Conference. The big differences between Apple's speaker and its competitors: virtual surround sound and deeper integration with Apple services, says the report. Apple declined to comment on the report.
In the competition among voice-assistant devices, Amazon's Echo gadgets are taking the lead. Amazon is set to control 70 percent of the voice-enabled speaker device market this year, a forecast from eMarketer released Monday predicted. Amazon's Echo devices forecast leaves other voice-assistant devices behind, including Google Home. Google Home is expected to control 23.8 percent of the market while the remaining amount will divided among smaller players, including Lenovo, LG, Harmon Kardon and Mattel. Read: Google Home vs. Amazon Echo: Which Device Has More Answers?
Alexa is absolutely crushing the smart assistant competition. Amazon's line of AI voice-controlled Echo speakers gobbled up a massive 70.7 percent of the marketshare in the first forecast on digital assistant usage by business research firm eMarketer. Alexa-enabled devices lapped the next closest competitor, Google, by nearly 50 percent of the marketshare, as just 23.8 percent of users reported they'll use the Home speaker. "Others," which include offerings from Lenovo, LG, Harmon Kardon, and Mattel, hold just 5.6 percent of users. The forecast reports 35.6 million Americans said they'll use a voice-activated assistant device -- defined as a "standalone device whose core functionality is a voice-enabled digital assistant" -- at least once a month this year.
Amazon (AMZN) CEO Jeff Bezos owes a thank you to consumers between the ages of 17 and 36 for the incredible lead its Echo device has in the voice-enabled speaker market. While using devices like the Echo or Apple's (AAPL) voice assistant Siri is still not the norm in the U.S. in 2017, their popularity is growing, according to a new study from eMarketer. When looking specifically at voice-enabled speakers that can provide everyday help by telling you the weather forecast or the day's top headlines, Amazon's Echo claims 70.6% of the market, followed by Alphabet's (GOOGL) Google Home, which claims just 23.8% of the market. The remaining 5.6% of the pie is shared by smaller players, such as Lenovo, LG, Harmon Kardon, and Mattel. Apple and Alphabet are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio.
Amazon.com Inc is dominating the nascent market for voice-controlled speakers, research firm eMarketer has revealed in a new study. The e-commerce giant's Amazon Echo and Echo Dot devices will claim a 70.6 percent share of the U.S. market this year. The speakers feature Alexa, Amazon's voice-controlled aide, which users can tell to play music, order an Uber or turn on the house lights. Inc is dominating the nascent market for voice-controlled speakers, research firm eMarketer has revealed in a new study. The e-commerce giant's Amazon Echo and Echo Dot devices will claim a 70.6 percent share of the U.S. market this year Amazon Echo and Echo Dot devices are expected to claim a 70.6 percent share of the U.S. market this year.