Samsung Electronics has announced a new wireless speaker product called the Shape M7. The Shape M7 has a price of $399.99 and it can stream music from your smartphone or tablet. The Shape M7 has a foam core woofer, CNT pulp cone mid-range speakers, and silk dome tweets. Some of content partners that work with the Shape M7 includes Pandora, Rhapsody, Amazon Cloud Player, and TuneIn Radio. The Shape M7 will be available starting October 13th. Will the Shape M7 give Beats By Dre and Sonos a run for their money? Since Samsung is late to market, it will be difficult. However, consumers have more options now.