Apple just cut the price of HomePod, but it'll need to do more to compete with Amazon and Google

Your eyes aren't deceiving you: Apple's HomePod is now cheaper this morning than it was last night.

About a year after HomePod went on sale, Apple has quietly dropped the price of its Siri-powered smart speaker from $349 to $299. 

It's a substantial price cut for an Apple product — about 14 percent in the U.S. —  and makes the HomePod a more attractive value if you're already invested in the Apple ecosystem. But will it be enough to reverse the HomePod's extremely slow start?

SEE ALSO: Apple AirPods 2 review: Still the best wireless earbuds you can buy

From its very beginning, HomePod faced an uphill battle against Amazon and Google's smart speakers. Not only did HomePod launch years after the Amazon Echo and Google Home, but Apple's smart speaker was also considerably more expensive. Read more...