- Apple (NASDAQ:AAPL) is reportedly developing a new smart home device that combines Apple TV and HomePod smart speaker functions with a FaceTime camera for video conferencing and other smart home features.
- Bloomberg sources say Apple is also considering a device that would combine an iPad with a HomePod speaker and a camera to create a product that would compete with the likes of Amazon's Echo Show.
- Development of the two products is in the early stages. Details could still change, and Apple could decide not to release either product.
- The devices could help Apple gain a foothold in the smart home space dominated by Amazon and Google. HomePod has stayed around a sub-10% smart speaker market share since its launch, according to Strategy Analytics data.
- Related: Last month, Apple discontinued the original HomePod speaker after four years to focus on the more popular, lower-cost HomePod Mini.