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Apple’s plan to release its first HomePod with a screen has been pushed back to 2024 at the earliest, according to a recent Power On newsletter by Bloomberg journalist Mark Gurman. The delay is part of a series of cost-cutting measures and belt-tightening efforts aimed at making Apple’s operations more efficient and maintaining an appearance of stability in an unstable economy.
The move is intended to allow Apple to allocate its research and development budget to more pressing projects, such as mixed reality headsets. Other measures to avoid layoffs include delaying bonuses for corporate teams, pausing hiring on some teams, reining in budgets, and leaving roles open instead of filling them immediately when people leave their positions.
The new timeline for the HomePod aligns with Apple analyst Ming-Chi Kuo’s recent prediction that a redesigned HomePod with a 7-inch display will arrive in the first half of 2024. In 2021, Gurman was the first to suggest that Apple was working on new HomePods with displays and cameras.
Apple is believed to be rethinking its smart home strategy and working on several new products, including a combined Apple TV and HomePod device, as well as a HomePod with a screen mounted on a robotic arm.
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Apple’s focus on cost-cutting measures and prioritizing projects reflects a broader trend among tech companies facing the economic uncertainty caused by the pandemic. Other companies such as Meta, Amazon, Microsoft, and Google have also implemented cost-cutting measures and layoffs to stay afloat.
As Apple continues to navigate this challenging economic environment, it remains committed to delivering innovative and high-quality products to its customers.