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Yes, that's right -- this speaker works via WiFi as well as Bluetooth.
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It sounds good, and it has worked very reliably for me--no trouble with wireless connectivity, for example
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the sound was fuller, more true to what my ear expected for some well-known works (for me, anyway).
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The speaker has worked very well for me using Musiccast, which has a wide range of inputs
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Alexa support is work in progress, but entertaining.
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It’s unusual to have two bass radiators but it does work well.
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The latest version 2.1.0 released on December 6th works well with iOS 10