Apple Inc. (AAPL) Plans To Enter The Smart Home Space

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June 2, 2014 12:24pm NASDAQ:QQQ

smartphone warsIn the following video, tech analyst Eric Bleeker and Max Macaluso discuss Apple Inc.’s (NASDAQ:AAPL) plans to enter the smart home space.

The smart home space has been expanding rapidly in recent years. Google  (NASDAQ:GOOG) made a major push when it acquired Nest for over $3 billion, and reports have it eyeing Dropbox, a company that makes connected video cameras. Now, reports from The Financial Times have Apple announcing its own software for managing the digital home at this week’s WWDC conference in San Francisco.

One of the major problems with the space is fragmentation. At a recent home automation conference, Eric was able to discuss the space with the CEO of Revolv, a company that creates a device and app that aggregates connected home products into a single app.

The Relevant part of the video starts at the 4:23 minute mark:

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