There is nothing that Chinese market can do to help Apple's HomePod

In 2020, Apple has launched a series of new products, such as 5G-supported iPhone 12 Series, new Mac with M1 chip, latest updated iPad and Apple Watch …, boosting Apple's $2 trillion market cap. Notably, Apple also has a new product: the $99 HomePod mini.

Recently, HomePod mini was launched in China, which was expected to do well in China, boosting the market there for Apple Music - but the $99 (approximately RMB700) price tag has reassured its local rivals.

In fact, among the mainstream players in the Chinese smart speaker market, Apple is the only global platform.