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Amazon Next to Try High-Fidelity Audio

TheMotleyFool

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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

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