Apple reportedly expanding audio lineup with high-end, over-ear headhpones

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Apple is working on noise-cancelling, over-the-ear headphones with a release date aimed for the end of this year, Bloomberg reported Monday. The company plans to launch the headphones as early as the end of this year, but has faced development challenges that might push back the release, the people said.

Because of this, we have absolutely no idea when Apple might release the headphones.

It is worth mentioning that given the issues marring the release of the purported headphones, there is a likelihood of Apple again opting for a redesign before the final launch or scrapping the project altogether.

Similar to development of the HomePod, work on the new headphones has been on and off over the past year.

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The report suggests Apple will repeat its strategy with the HomePod in terms of its pricing and target market, with the new headphones from the company priced to match similar high-end audio gadgets from Bose and even the company's own Beats line. Speaking of, future revisions of Apple's wireless AirPods are expected to be water resistant and house a new wireless chip to enable Siri voice activation. Currently, Apple's Beats Studio 3 headphones retail for $349.95 but can be found on Amazon for $279.99. However, unlike what some might expect, they won't be from Beats by Dre, a subsidiary of Apple. Given their over-the-ear design, they will likely sound superior to the AirPods as well.

Beats, Bose, Sennheiser, Sony and Skullcandy are the leading players in a headphone market that will generate $20 billion in annual revenue by 2023, almost doubling this year's projected sales, according to Research and Markets.

Alongside noise-cancellation, Apple is also said to be incorporating the wireless pairing technology found on the AirPods.

No word as yet on how much these headphones will cost.