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Apple unveils $99 HomePod Mini smart speaker

Apple has unveiled a new HomePod smart speaker—its first Mini edition of the product. Yahoo Finance’s Zack Guzman breaks down the details.

Video Transcript

ZACK GUZMAN: I want to highlight the movements we're seeing in Apple shares as they continue their event in Cupertino, rolling out some interesting new products. They halved their losses, shares now off just a little bit more than half a percent.

But the big news there might be expected from some Apple lovers out there, announcing a new version of their home speaker, debuting and announcing the HomePod Mini smart speaker. In the coming months, users are going to be able to use services like Amazon and Pandora on those. Also an intercom feature for the HomePod speakers.

But the HomePod mini priced at $99, out November 6 and shipping November 16. That is a noted improvement on the price point here because a lot of people had said their HomePod was great sound, a very good smart speaker, but at $349, it was just too price prohibitive for many.

So, interesting to see a new option there in the HomePod Mini and some interesting looks to go along with it. But that's the earliest headline we got out of the Cupertino event. We'll keep you posted with new headlines coming out throughout our hour.