David Watkins, Director of Strategy Analytics’ Smart Speaker service commented, “Unsurprisingly, Amazon and Google models dominated the best-selling list of smart speakers in Q2 2018. The Google Home Mini and Amazon Echo Dot accounted for a combined 38% of global shipments although they contributed just 17% towards the value of the market due to their low price. Apple on the other hand has focused its smart speaker efforts at the premium end of the market, promoting the HomePod’s audio prowess ahead of the device’s voice control capabilities. Apple took a 6% share of shipments in Q2 2018 but it is the market leader in terms of revenue with 16% share and holds a dominate 70% share of the small but growing $200+ premium price band.”
David Mercer, Vice President at Strategy Analytics added, “The number of smart speaker models available worldwide has grown significantly over the last twelve months as vendors look to capitalize on the explosive market growth. Heavyweight brands such as Samsung and Bose are in the process of launching their first models, adding further credibility to the segment and giving consumers more options at the premium-end of the marker. As the range of price points and customer segments expands, understanding the competitive situation and future direction of the smart speaker market by price band has become of critical importance for all interested parties. Strategy Analytics’ world-leading smart speaker service is designed to help companies take a deep-dive into the granular issues of this fast-changing market.”
Source: Strategy Analytics, Inc.
MacDailyNews Take: How much share did HomePod take of the $349+ market? 😉
Kidding aside, this is Apple’s target market and, with HomePod sold on sound quality first (not Siri, thankfully), these are the buyers who are most likely to have the type of disposable income that best facilitates things Apple likes even more than hardware sales: Recurring Apple Music subscriptions.