Are there too many smart speakers? Sony ( (SNE - Get Report) ) is entering the market with a new speaker that recognizes your gestures that also uses Google's voice assistant. Amazon ( (AMZN - Get Report) ) became the first company to release a smart speaker with the Echo. Alibaba's ( (BABA - Get Report) ) Tmall Genie X1 costs just $73. That's less than most of Amazon's Echo devices. Alphabet ( (GOOG - Get Report) ) jumped in with Google Home powered by its own virtual assistant. Apple ( (AAPL - Get Report) ) is releasing the Homepod featuring Siri. It also maps out the layout of your room to optimize sound quality. Samsung ( (SSNLF ) is also using its own Bixby voice assistant in its smart speaker.
Watch more from TheStreet: