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.
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