Amazon has an attractive one-day deal in place on Monday, June 26, slashing $50 off the Amazon Echo for its lowest price ever.

The Amazon Echo is among the most popular smart speakers currently available on the market and although it now faces heavy competition from the Google Home and, more recently, Apple's HomePod, it's still in high demand.

Apple's Siri smart speaker comes with quite a price tag at $350, however, so for those looking for a more affordable option, the Amazon Echo and Google Home are the two contenders.

Amazon Echo Price Cut

The one-day discount brings the Amazon Echo down to its lowest price ever, knocking it from $179.99 down to a more affordable $129.99. That brings the Echo in line with the Google Home, but the offer expires at midnight ET so interested customers might want to take advantage of it while it still lasts.

Amazon has sold more than 8 million Echo units globally so far since it first launched the smart speaker back in 2015, and the $50 price cut should further boost demand and sales. The Amazon Echo is already among the top Internet of Things devices and among the most popular smart home gadgets.

The Alexa-powered Amazon Echo has never been cheaper than $129.99, but it has previously retailed at this price point last year for Prime Day. The promotion proved to be a big hit and today's sale will likely stir similar interest, and might return for this year's Prime Day. That said, Amazon is not expected to drive the Echo price even lower for Prime Day 2017, so $129.99 is likely as cheap as it gets this year.

It's worth pointing out that only the full-sized Amazon Echo gets a price cut, as the promotion does not apply to the Echo Dot, Tap, Show, or Look. Both the black and the white versions of the Amazon Echo are available at the discounted price.

Amazon Echo Perks

The Amazon Echo can answer questions, control smart home gadgets, serve as a virtual assistant, order stuff off Amazon, read the news, call an Uber, and much more.

The smart speaker offers 360-degree omnidirectional audio and can play music from various services including Spotify, Amazon Music, Pandora, TuneIn, iHeart Radio, and more. The Amazon Echo can also handle calls and messages hands-free, and plays nice with smart home devices such as lights, locks, switches, thermostats, and more.

Amazon Echo users can take advantage of more than 10,000 Alexa skills that integrate the smart assistant with various other devices, allowing them to easily get things done via voice commands.

As artificial intelligence-powered assistants keep gaining momentum, the smart home market is also expanding and smart speakers and other such gadgets are becoming more common.

The $50 discount on the Amazon Echo marks a 28 percent price cut off the product's regular price. Will you be taking advantage of this offer to purchase the Amazon Echo at $129.99? Let us know in the comments section below.

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