Apple HomePod Disappoints With Slow Sales After Tardy Debut

When Apple Inc.'s HomePod smart speaker went on sale in January, it entered a market pioneered and dominated by Amazon's Echo lineup of Alexa-powered devices. Apple has been touting the HomePod's superior sound quality but so far hasn't enticed many consumers to part with $349.

By late March, Apple had lowered sales forecasts and cut some orders with Inventec Corp., one of the manufacturers that builds the HomePod for Apple, according to a person familiar with the matter.

At first, it looked...

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