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September 01, 2020 1:43pm
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Apple HomePod launches on February 9

The markets traded mixed during the midday with the Dow slipping 10 points to 26,204. Nasdaq gained 42 points to 7450.


Apple will launch its much delayed HomePod smart speaker on February 9, 2018. Preorders begin on January 26 for the $349 device that will be available in white and space gray. Apple said that the superior sound quality of the HomePod will distinguish it from rival smart speakers Amazon Echo, which holds nearly 70% of the speaker market, and Google Home, which has 25% of the market.


Google Play introduced its audiobooks service today in 45 countries and nine languages. Many best selling titles will cost less than $10 and a 50% discount is being offered on a customer's first purchase. Google has not revealed the number of books that will be available but Amazon's Audible offers more than 400,000 titles.


Kimberly-Clark will restructure its business in order to save more than $2 billion by 2021. Approximately 5,000 to 5,500 jobs will be cut around the world while ten production facilities will be closed or sold. The consumer products company may sell some underperforming units such as its consumer tissue business.


In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 added 4 points to 2,837. Bitcoin leaped $609 to $11,298.

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