“Over the long holiday weekend, the Financial Times reported that Apple may announce a plans for its smart home initiative at its Worldwide Developer Conference (WWDC) next month,” Chris Ciaccia writes for TheStreet. “The smart home initiative would use the iPhone as its base remote, with the smartphone controlling everything in your house — lights, appliances, security systems, and other connected devices, as technology companies turn their wares to the next ‘big thing.'”
“Cantor Fitzgerald analyst Brian White, who rates shares ‘buy’ with a $777 price target, notes that such a platform could be a precursor to the unveiling of the long-awaited iWatch,” Ciaccia writes. “‘During our China Tour last October, we indicated that we believed ‘iWatch’ could be used as a multi-purpose gateway for consumers to control their home,'” White wrote in a note.”
“In August 2013, Apple received a patent that would allow the iPhone to essentially work as a television and smart home remote, allowing users to manage and recall entertainment,” Ciaccia writes. “This isn’t the only patent Apple has received related to home automation…”
Read more in the full article here.
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Apple readying new software platform for the ‘Smart Home’ to be unveiled at WWDC sources say – May 26, 2014