Apple plans to launch Smart Home products to expand business

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Apple (NASDAQ:AAPL) is developing Smart Home products to further expand its business category to achieve growth. The Cupertino based tech giant has teamed up a separate unit to research and develp new Apple home products that can easily be integrated with its devices like iPhone and iPad,9to5Mac reported.

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The report further highlighted that Apple’s Smart Home work is already beyond exploratory stage.

According to sources,Apple believes that addition of Smart Home devices and hardware will give it a good boost and provide a potential category for company to expand in lucrative market. Apple however is unlikely to compete with Google’s Nest. The exact type and range of Apple’s upcoming Home devices is still unknown but it is expected that it will not follow products like smart thermostat and smoke-detector which are offered by Nest Labs, acquired by Google for $3.2 billion.

Tony Fadell founded the Nest Labs and is also a key man behind development of the iPod.

Apple would possibly produce some innovative speaker systems or may be it targets control panels for homes. Apple recent acquisition of Beats Electronics further confirms its new products vision in the smart home category.

Apple introduced the HomeKit API, during the recent Worldwide Developers Conference (WWDC). Using Homekit users will be able to use  voice commands through Siri to control home appliances.

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