However, these were not the only cool things about the speakers. It was also rumored that it would be priced around $750 which is quite reasonable considering the high end features that the speakers would have had. The real price, however, no one will ever know.
Beats has always been known for its music streaming services and headphones. This project was a step toward increasing the hardware presence of the company but got delayed repeatedly because Beats never consulted any other company for it or even hired new people. The present status of the project is unclear as many people think that Apple has totally discontinued with the project. The initial people involved in the project have been shuffled and sent to various other departments.
But other think that Apple has just put it on hold and will revive it in time as now Apple will have to start producing hardware otherwise Apple will risk losing the entire market to either Sonos or other such companies.