Amazon Next to Try High-Fidelity Audio
Betting that consumers will pay more for high-fidelity audio has decidedly not worked out well for Apple (NASDAQ: AAPL). The Mac maker launched the $350 iPod Hi-Fi over a decade ago, only to discontinue the premium speaker less than two years later. Determined to repeat history, the company launched the $350 HomePod in early 2018. It remains on sale even though it suffers from poor demand.
It's Amazon.com's (NASDAQ: AMZN) turn to appeal to audiophiles.
Image source: Getty Images.
Source Fool.com
