It's pretty uncommon to see a price drop on current Apple products. The closest you'll really see for current-generation products are if they're refurbished or for an education discount. However, it seems that even Apple can't deny that you can't sell HomePod in its current state for $349. They've dropped it down to $299, down $50. While this is still too high in my opinion, it's definitely a step in the right direction. If Apple lowers the price, retailers will lower the price even more, possibly lowering it to an acceptable price eventually.
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