These nifty virtual assistants can play music, podcasts and audiobooks, and carry out everyday tasks such as setting alarms and checking calendars.
There's no shortage of smart speakers on the market these days, including Google Nest, Sonos One and Amazon's Alexa-controlled Echo devices.
The gadget is controlled by the Siri voice assistant and can be connected to your iPhone or iPad.
Here's everything you need to know about the HomePod, including its specs and price.
How to buy Apple's new HomePod
The device is bigger than the existing HomePod Mini, which costs £99. The original full-size HomePod was discontinued in early 2021.
Apple giant said the upgraded device boasts "next-level acoustics" and a "gorgeous, iconic design", plus handy new ways to control your smart home.
The virtual assistant has a built-in sensor to monitor your home's temperature and humidity.
It can also send a notification to your iPhone when it hears a smoke or carbon monoxide alarm.
HomePod 2023 specs
The new HomePod is 6.6 inches high, 5.6 inches wide and weighs 2.3 kg. It is compatible with the following devices:
2022 iPhone iPhone 8 and later
Any iPad Pro
iPad (fifth generation) and later
iPad Air (third generation) and later
iPad Mini (fifth generation) and later
Apple's marketing chief Greg Joswiak said: "Leveraging our audio expertise and innovations, the new HomePod delivers rich, deep bass, natural mid-range, and clear, detailed highs.
"With the popularity of HomePod mini, we've seen growing interest in even more powerful acoustics achievable in a larger HomePod.
"We're thrilled to bring the next generation of HomePod to customers around the world."