“Founded by former Apple employees, Nest Labs, the maker of some much-buzzed-about home appliances, looks like a great acquisition target for Apple. But the Silicon Valley startup likely isn’t for sale quite yet,” Patrick Seitz writes for Investor’s Business Daily.
“Nest Labs, based in Palo Alto, Calif., has a corporate mission to take ‘unloved but important home products’ and reinvent them to make them ‘simple, beautiful and thoughtful things.’ Nest’s chief executive, Tony Fadell, led the Apple design teams behind the iPod and iPhone,” Seitz writes. “On Tuesday, Nest announced a “reinvented” smoke and carbon monoxide alarm. The Nest Protect addresses people’s problems with traditional smoke and CO alarms, namely nuisance alarms and low-battery chirps.”
“In a research report Thursday, Cantor Fitzgerald analyst Brian White said Apple’s rumored iWatch smartwatch would act more as a home control device than an extension of the iPhone. He said the smartwatch would allow people to control ‘heating/cooling, lights, audio, video, etc.’ That sounds right up Nest’s alley,” Seitz writes. “Nest would make a good fit with Apple, but it’s unlikely the privately held firm would sell right now, says Creative Strategies analyst Tim Bajarin.”
Read more in the full article here.
Tony Fadell introduces Nest Protect smoke and carbon monoxide detector – October 8, 2013
Tony Fadell, Father of the iPod: From Apple to Nest Labs, always a designer – July 24, 2013
How Tony ‘Father of the iPod’ Fadell reinvented the thermostat with Nest – and what’s coming next – February 15, 2013
‘Father of the iPod’ Tony Fadell on Apple’s unique design process (with video) – January 19, 2013