Despite overwhelmingly constructive critiques, Apple’s HomePod doesn’t appear to be resonating with shoppers. Following up on a pair of experiences claiming that HomePod gross sales have been lackluster, KGI Securities analyst Ming-Chi Kuo on Friday issued a brand new analysis word (by way of MacRumors) echoing the notion that the HomePod, to be blunt, merely isn’t promoting nicely.

While a number of the earlier and extra optimistic projections steered that HomePod gross sales for 2018 may be as excessive as 10 million models, Kuo anticipates that Apple, by the point 2018 attracts to an in depth, may even see HomePod gross sales fall someplace within the 2 million vary. While it’s nonetheless far too early to name the HomePod a flop, Apple’s sensible speaker actually hasn’t gotten off to a powerful begin within the market.

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Part of the issue is that the HomePod is just an costly sensible speaker. Priced at $349, it’s considerably pricier than competing units from the likes of Google and Amazon. And although the HomePod delivers unparalleled sound high quality, it’s maybe potential that on a regular basis customers merely aren’t inquisitive about paying a premium for the HomePod once they discover the audio high quality on a tool just like the Amazon Echo to be ‘adequate.’

Additionally, it’s no secret that Siri’s capabilities on the HomePod aren’t even near matching what rival clever assistants can pull off. Not solely that, the model of Siri that ships with the HomePod is stunted relative to the Siri expertise on the iPhone.

Kuo’s word reads partly:

However, we word that for many customers worldwide, Siri just isn’t vital perform, and Apple has not but develop into a number one model within the AI voice assistant market. We additionally word that HomePod has not added help for brand new languages within the gadget since launch, suggesting Apple is dealing with challenges in AI/voice assistant improvement spanning the globe; this may cap the shipments momentum of HomePod.

In gentle of poor gross sales, Kuo corroborates earlier experiences claiming that Apple is mulling over a extra reasonably priced HomePod gadget. While particulars stay hazy, earlier experiences have claimed that Apple later this 12 months could launch a HomePod someplace within the $150 vary, a value level that will immediately make the gadget much more aggressive with rival merchandise. It stays unclear, although, what a extra reasonably priced HomePod mannequin would deliver to the desk when it comes to options. Either approach, if Apple is severe about competing within the sensible speaker market, it’s…

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