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Google buys Nest Labs, maker of smart thermostat, for $3.2 billion [u] - Page 5

post #161 of 339
Well there goes my desire to ever buy any Nest products ever again...
post #162 of 339
Quote:
Originally Posted by jwsmiths View Post

Well there goes my desire to ever buy any Nest products ever again...

I'm glad I held off. Everybody thinks that an electronic gizmo can be "smart" because it uses a handful of supposedly germane data sources. A little experimentation always shows this to be flawed.

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post #163 of 339
Quote:
Originally Posted by lundy View Post
 

I'm glad I held off. Everybody thinks that an electronic gizmo can be "smart" because it uses a handful of supposedly germane data sources. A little experimentation always shows this to be flawed.

I have 2 nest 1st. gen thermostats in my house.  They did a much better job than the generic ones the builders had installed 10 years ago in terms of keeping my house comfortable and even saved me a little energy.  I am sure that now that Google owns Nest all of that data from Nests will be added to the ever enlarging picture that Google is trying to build about everyone.

 

Just as well that other companies are getting involved in the app-enabled home market now.

post #164 of 339
According to re/code, Apple was never interested in Nest. Maybe they didn't want Fadell back? Let's not forget Steve hired Mark Papermaster to run iPhone hardware engineering. He didn't give the job to Fadell. There must have been a reason.
post #165 of 339
Quote:
Originally Posted by Rogifan View Post

I'm sure Jon Rubenstein would have something to say about that.
I was under the impression that Rubinstein was the director, but Fadell was the creative lead?

No matter, my point was to be snarky, not technically accurate 1wink.gif

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post #166 of 339

Soon there will be no where to hide from our Google overlords.

post #167 of 339
Quote:
Originally Posted by BobSchlob View Post
 

 

Pfft… Yeah, right. Junk from the creator of the iPod.

Infact it's such junk that Apple thought it deserved to be sold in Apple retail stores. :rolleyes:


Apple think Nest as a junk if they want to buy it for 3 Billion. Regarding selling in Apple store---> Watch how they kick out :lol:

 

Apple is better off buying Chipotle (CMG). At least poor spamdroids will buy Apple burritos and Apple can make profits more than they can make from Nest. How about buying UNP (Union Pacific Corp)? Lot of Great options out there to buy than to buy this Junk Nest where money is to be drained not made! :err::lol: 

post #168 of 339
Quote:
Originally Posted by jwsmiths View Post
 

I have 2 nest 1st. gen thermostats in my house.  They did a much better job than the generic ones the builders had installed 10 years ago in terms of keeping my house comfortable and even saved me a little energy. 

Fast forward 10 years to today, and Nest isn't the only game in town for saving money on your heating/cooling. Shop around, you may find (like I did) other products that work better in your situation than Nest's. Some are more expensive, but better/more appropriate.

post #169 of 339
Quote:
Originally Posted by BobSchlob View Post

Another overhead serve aces right past Apple. Thanks Tim.

If this kind of product is not within Apple's business plan, then it's good that Apple (Tim Cook) didn't get distracted by buying it just to keep someone else from getting it. It takes discipline to pass on opportunities that are not right for the business plan, especially so when you got a lot of money burning a hole in your pocket.

Google, on the other hand, has a business plan that amounts to throwing shit against the wall and seeing what sticks. Google jumps into one thing or another and back out, there's no rhyme or reason to the directions they go, or the money they spend... and yet only the search engine is making them money. Nest is today's plaything, after a while Google will be distracted by something else.
"That (the) world is moving so quickly that iOS is already amongst the older mobile operating systems in active development today." — The Verge
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"That (the) world is moving so quickly that iOS is already amongst the older mobile operating systems in active development today." — The Verge
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post #170 of 339
Ya' know...

You can buy a programmable device (about the size of a quarter) with an ARM CPU, DRAM, A few sensors (like a thermometer, motion detector, etc.), audible and visual alarms, encryption, Bluetooth 4.0 radio, logging, 2 year battery, case, packaging, shipping, documentation, SDK, etc. -- for $25 (or less) for quantity 1. They're called beacons.

I don't know much about Nest -- but I don't believe there is too much hardware cost in an "intelligent thermostat" or an "intelligent smoke detector" -- especially if the "intelligence" doesn't need to reside in the device itself.

From what I've heard, Nest makes devices that are at Apple's level of quality, reliability, ease-of-use, UX...


An interesting thought occurs... The $99 AppleTV has an A5 APU, RAM, WiFi, USB, Ethernet, Bluetooth 4.0...

You could sprinkle $25 beacons (with thermometers/sensors) throughout your home (and one as the thermostat) -- the AppleTV would contain the intelligence -- then you could monitor the temperature/smoke/radon/security in multiple rooms and take appropriate action as necessary. All this could be easily setup through iTunes/AppleTV/iPhone Remote -- and securely controlled/monitored with any iDevice
Edited by Dick Applebaum - 1/13/14 at 5:26pm
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post #171 of 339
Quote:
Originally Posted by 3Eleven View Post
 

Soon there will be nowhere to hide from our Google overlords.

You can make a difference.

post #172 of 339
If Nest was important to Apple, they would have snapped them up. They didn't so either they had no IP worth buying or there isn't the market for it yet.
Home automation is in its infancy, much like 4K TV. There is no point getting into a market that small, that early.
It'll just give you less of a head start and companies such as Samsung will easily be able to copy what is done.

I have no doubt that Apple will get into home automation in 2015/2016 but only when the time is right.
Instead of a wall mounted thermostat, you'll have Siri control and full control from your iPhone and iPad.
I can also imagine them using sensors in the idevices to back up the control of the house.

Geofencing and GPS estimation could turn on heating and hot water so the house is good when you get back, also it could save you money by not heating anything if no one is home unexpectedly.

1 company making 1 item with a promise of others is no match for Apple. They know what is going to be big and they know when it's going to be big (because they'll start it). They'll have IP and copyrights sitting in place for years before they release anything. The bonus being it'll be easy to control, will run iOS and will just work.
post #173 of 339
Quote:
Originally Posted by Crowley View Post

I was under the impression that Rubinstein was the director, but Fadell was the creative lead?

No matter, my point was to be snarky, not technically accurate 1wink.gif


Rubinstein is now in charge of robots. Yeah, Google is a dog chasing its tale...
"That (the) world is moving so quickly that iOS is already amongst the older mobile operating systems in active development today." — The Verge
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"That (the) world is moving so quickly that iOS is already amongst the older mobile operating systems in active development today." — The Verge
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post #174 of 339
Quote:
Originally Posted by Dick Applebaum View Post

From what I've heard, Nest makes devices that are at Apple's level of quality, reliability, ease-of-use, UX...

For all but setting the desired temperature, the Nest UI truly sucks. Compare it to the Galaxy Gear. In fact, the Gear UI may have been inspired by the Nest UI.

 

Installing the Nest is easier than other thermostats, but installing a thermostat isn't difficult in the first place.

 

One note about Nest installation. It is claimed to be compatible with 4-wire systems, but this compatibility comes at the price of sometimes having to run the fan alone in order to charge the Nest battery. And this decreases energy efficiency.

post #175 of 339
Quote:
Originally Posted by Tallest Skil View Post

Because morals can’t be bought.
Sure they can. I'll sell mine for $200 1wink.gif

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post #176 of 339
Hmm...somehow I get the feeling Nest was worried about competition in the space so why not get scooped up by Google, especially when they're overpaying,

Cnet has an interesting theory about why Apple didn't buy Nest: a)Nest is more about design than groundbreaking technology b)Apple doesn't typically buy companies with end products (hardware) and c)Apple is very secretive and a big purchase like this would tip their hand.

http://news.cnet.com/8301-13579_3-57617164-37/why-apple-didnt-buy-nest/
Edited by Rogifan - 1/13/14 at 5:34pm
post #177 of 339

And for $3.2 . . . BILLION??

 

Really?

 

Something just feels way off about the way companies (for sale, ready for acquisition?) are valued. 

post #178 of 339
Quote:
Originally Posted by lundy View Post

I'm glad I held off. Everybody thinks that an electronic gizmo can be "smart" because it uses a handful of supposedly germane data sources. A little experimentation always shows this to be flawed.

The same could be said about people.
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post #179 of 339
Quote:
Originally Posted by Quadra 610 View Post

And for $3.2 . . . BILLION??

Really?

Something just feels way off about the way companies (for sale, ready for acquisition?) are valued. 

Yeah...

This doesn't pass the smell test!

If Fadell has some revolutionary idea on the drawing board, then maybe...
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post #180 of 339
Quote:
Originally Posted by hmurchison View Post
 

Google's play here isn't the ads but the immense amount of data that 

Nest's cloud was gathering.   

 

Look for Google to make some more acquisitions within the home automation/green tech 

space and leverage the huge opportunity they have here. 

late in the game (working in a classified network during the day), but this.

 

Once you register your 'nest' with Nest using a google account, and look at the sort of data Nest will be playing with

- utilities

- environmentals (is it cold where you live?  hot?)

- safety/security

- activity patterns

- home automation

This sort of information is gold for google to link to you (and your children's) profile, and crowdsourcing as well (the geo data... you're looking at a nielsen's level sampling).   

 

All the work I've been doing in trying to protect the electrical smart data grid can potentially be inferred by Google/Nest...  I know when a zip code temp is going up... I know when power outages are in play, the average occupancy of a home, security alarm data for a neighborhood, traffic patterns (given the home usage patterns of zip 12345-33xx to 38xx, we are seeing information that indicates everyone is caught in traffic/at the HS football game/stayed home to watch the royal wedding)

 

passive crowdsourcing without 'giving up' your private information (until you correlate it with other information, such as your Android phone, your GoogleTV, YouTube use, Google Fiber)

 

Not that Apple couldn't do the same thing... but it's analytics is less likely to be used as a 'product' sold outside of Apple.

post #181 of 339
Quote:
Originally Posted by TheOtherGeoff View Post

Quote:
Originally Posted by hmurchison View Post

 
Google's play here isn't the ads but the immense amount of data that 
Nest's cloud was gathering.   

Look for Google to make some more acquisitions within the home automation/green tech 
space and leverage the huge opportunity they have here. 
late in the game (working in a classified network during the day), but this.

Once you register your 'nest' with Nest using a google account, and look at the sort of data Nest will be playing with
- utilities
- environmentals (is it cold where you live?  hot?)
- safety/security
- activity patterns
- home automation
This sort of information is gold for google to link to you (and your children's) profile, and crowdsourcing as well (the geo data... you're looking at a nielsen's level sampling).   

All the work I've been doing in trying to protect the electrical smart data grid can potentially be inferred by Google/Nest...  I know when a zip code temp is going up... I know when power outages are in play, the average occupancy of a home, security alarm data for a neighborhood, traffic patterns (given the home usage patterns of zip 12345-33xx to 38xx, we are seeing information that indicates everyone is caught in traffic/at the HS football game/stayed home to watch the royal wedding)

passive crowdsourcing without 'giving up' your private information (until you correlate it with other information, such as your Android phone, your GoogleTV, YouTube use, Google Fiber)

Not that Apple couldn't do the same thing... but it's analytics is less likely to be used as a 'product' sold outside of Apple.

That' scary!

Time for Google to be regulated? The sooner the better!
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post #182 of 339
Quote:
Originally Posted by bill42 View Post

I love my very apple-like Nest and this news troubles me... The Nest is a very un-Android-like device. I hope they don't ruin it.

I fear that's a given.
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post #183 of 339
Quote:
Originally Posted by Evilution View Post

If Nest was important to Apple, they would have snapped them up. They didn't so either they had no IP worth buying or there isn't the market for it yet.
Home automation is in its infancy, much like 4K TV. There is no point getting into a market that small, that early.
It'll just give you less of a head start and companies such as Samsung will easily be able to copy what is done.
 

It's not in its infancy... more like it hasn't had it's great convergence yet.   And Nest while a compelling simple interface, doesn't scale well to 'real' automation problems, which unlike heating and cooling, are less about 'learning' and more about integrating several systems and their rules into a cohesive set of expected outcomes, and also a whole much of real mechanical issues (integrating with blinds, windows, pumps, etc) 

 

My guess is that Apple doesn't want to be a home automation vendor, but wants iOS to be a platform for a Home automation vendor to build on top of... or iOS is the presentation vehicle of a Home Automation information source to the person in a unique way (beyond that of a glorified web server).

 

Combining iBeacon technology and iOS and a Home Automation system that plugs into real things and solves real problems

 

Quote:
 

I have no doubt that Apple will get into home automation in 2015/2016 but only when the time is right.
Instead of a wall mounted thermostat, you'll have Siri control and full control from your iPhone and iPad.
I can also imagine them using sensors in the idevices to back up the control of the house.

Geofencing and GPS estimation could turn on heating and hot water so the house is good when you get back, also it could save you money by not heating anything if no one is home unexpectedly.

1 company making 1 item with a promise of others is no match for Apple. They know what is going to be big and they know when it's going to be big (because they'll start it). They'll have IP and copyrights sitting in place for years before they release anything. The bonus being it'll be easy to control, will run iOS and will just work.

I think 'personality' will be important.  Siri is a good interface for 'dim the living room lights, airplay a little Sade' on the living room speakers, turn the room temp up to 78' and hopefully I'll get the mrs into a bit more romantic mood....

 

but I think geo fencing or predictive movements: "The Other Geoff's" Phone just started moving toward 'home'...  He likes his beer at 38F... turn down the fridge" Automator is better.

 

Or... as I walk by a smoke detector and it 'beacons' to my phone that the battery is at 15% and should be replaced in 6 weeks (instead of the just starting to beep).

 

Or have the home door locks lock behind me when I leave the property, without pressing a button or talking to siri... and unlock when we get back.

 

I think Apple wants much more than a 'nicer web interface' into home automation, or a 'someone's in the room... let's turn the heat up'  dumb sensing... and really wants your iOS device to project identity (hence the wearable need) and drive a truly innovative experience.

post #184 of 339
Quote:
Originally Posted by scalpernt View Post

Wow, Google sneakily stealing Apple execs via Nest.  Like the old saying goes, "where there's smoke there's fire".  It seems to me that Google is preparing to "skate to where the puck will be" with this huge push into home automation.  If you stop and think about it for a second this makes a ton of sense strategically.  The home and the car are the next two places where a platform needs to be created for the roll out of new tech.  Someone is going to become the platform of choice in these two areas and Google has decided they want to place a bunch of chips on the home and use Nest as the tip of their spear.

Tim, please don't take this market too lightly as it is enormous.  I am a professional rehabber in Boston and at least in my market it seems ripe for this exact type of innovation.  Affluent customers all know about Nest and are requesting it by name.  I hope this acquisition gets his attention so that Apple isn't caught flat footed once the market gains further traction.

What's a bit odd is Nest gear is high end. Everything Google and Android is about cheap low end.
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post #185 of 339
Now I have to take out and replace my two Nest units. What a waste of my time, energy, and hope

No way I would EVER allow Google to monitor my home activities

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post #186 of 339
Imagine getting served adverts every hour, ads for heaters and winter clothing when your room temperature drops, summer clothing when it rises, security systems if left idle for too long, and OS updates that only comes to updated products
post #187 of 339
Talking of companies Apple can buy, I don't think many people consider EchoStar as part of that list. This is a massive advantage to Apple from some perspectives.

- allows Apple to break last mile delivery of content for Apple TV. They can use EchoStar's targeted satellite feed, so customers can get anything they want to watch on iTunes "streamed" directly from the sky.

- EchoStar owns the patents and technology of SlingBox. This could be crucial in some years, as place and time shifting become bigger solutions in the market.

- it probably is the best way to get Apple a foothold in living room. Existing Apple TV box is not even close to cutting it!

- Most importantly, EchoStar already has content agreements and distribution agreements with every that matters! Apple need not waste time on this, and can probably piggy back on top of EchoStar.
post #188 of 339

Apple buys Nest - Wall Street reaction:

 

• Why did Apple let Fadell go in the first place?

• Why is Apple spending $3.2B to buy back expertise of their own making?

• Is this 'new Apple innovating'?

 

• Apple share price falls 5%.

 

Google buys Nest - Wall Street reaction:

 

• Strategic investment for Google from right under Apple's nose. Wake up Apple!

• Google buys company founded by the guy who masterminded the iPod.

• Google invests in the 'next big thing', gets the drop on Apple.

• Google pays $3.2B for startup - must have big plans.

 

• Google share price jumps 10%.

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post #189 of 339
Quote:
Originally Posted by HawkBlade View Post
 
Quote:
Originally Posted by macxpress View Post
 

I bet they'll be pulled from Apple Retail Stores soon....

 



And this is why Apple did not buy them... They are not selling well from the Apple store. If they sold really well, then maybe Apple would have maybe went to buy them. But then again, that "high" of price... I think someone is cooking the books. You know since Google put in start up funds... then bought them for outrages price. HMMMM.

 

 

 

If Jobs was still there in Apple, the NEST would already be pulled from Apple retail stores and the Apple website.

post #190 of 339
Quote:
Originally Posted by IQatEdo View Post

Apple buys Nest - Wall Street reaction:

• Why did Apple let Fadell go in the first place?
• Why is Apple spending $3.2B to buy back expertise of their own making?

• Is this 'new
 Apple innovating'?


• Apple share price falls 5%.


Google buys Nest - Wall Street reaction:

• Strategic investment for Google from right under Apple's nose. Wake up Apple!
• Google buys company founded by the guy who masterminded the iPod.
• Google invests in the 'next big thing', gets the drop on Apple.
• Google pays $3.2B for startup - must have big plans.

• Google share price jumps 10%.
Heh, actually Apple was one of the big name tech companies up on the day. And up after hours.
post #191 of 339
What a sad news !

I used to respect Nest as a talented and innovative company, it will now just become yet another acquisition to channel Google Advertising... I bought several Nests 2 years ago, I would never have bought a Google Thermostad... Too bad... Ebay to the rescue.

For those of you that think it is not gonna change anything, remember when YouTube was ad and malware adware (Google ) free ?

As for Tony, I also had genuine high estime for this guy and what he had done at Apple and Nest... Tony really ? Did you need those additional 3.2B in your bank account ? Is there anyone left in Silicon Valley what would not drop his pants and bend over in front of Schmidt ?
post #192 of 339
Quote:
Originally Posted by Ingela View Post
 

Every product on the market will soon be a connected device. Your fridge, oven, all of it. How can Google and Nest compete with LG, Whirlpool, GE, and all of the other established home players out there? And they will surely connect to an iPhone or iPad. I say this is a game for third-party companies who can focus on their own products with iOS or Android connectivity.

 

Google understand Android everywhere.    They don't want another os coming along that sneaks in the way they have snuck in underneath Microsoft.    

post #193 of 339
Quote:
Originally Posted by FrdSllS View Post

What a sad news !

I used to respect Nest as a talented and innovative company, it will now just become yet another acquisition to channel Google Advertising... I bought several Nests 2 years ago, I would never have bought a Google Thermostad... Too bad... Ebay to the rescue.

For those of you that think it is not gonna change anything, remember when YouTube was ad and malware adware (Google ) free ?

As for Tony, I also had genuine high estime for this guy and what he had done at Apple and Nest... Tony really ? Did you need those additional 3.2B in your bank account ? Is there anyone left in Silicon Valley what would not drop his pants and bend over in front of Schmidt ?
Fadell is filthy rich now and will be a media darling for a while. I'm sure he'll be on CNBC tomorrow, and no doubt The Verge already called asking for an interview. 1rolleyes.gif
post #194 of 339
Quote:
Originally Posted by Macky the Macky View Post


If this kind of product is not within Apple's business plan, then it's good that Apple (Tim Cook) didn't get distracted by buying it just to keep someone else from getting it. It takes discipline to pass on opportunities that are not right for the business plan, especially so when you got a lot of money burning a hole in your pocket.

Google, on the other hand, has a business plan that amounts to throwing shit against the wall and seeing what sticks. Google jumps into one thing or another and back out, there's no rhyme or reason to the directions they go, or the money they spend... and yet only the search engine is making them money. Nest is today's plaything, after a while Google will be distracted by something else.

 

I'm sorry. I really disagree. If Apple had bought Nest, everybody would be saying "Finally; about time!".

Apple felt the Nest thermostat system was so Apple-like in it's approach (iPod Fadell), that they featured an entire web presence for them on Apple's own web site. And then after that, Apple began to stock the product in the Apple stores and online. The iOS app for the Nest is great, and Apple loved to highlight it (as they do with various home lighting control systems and other home automation products and accompanying Apps)

Nest was not just a "distraction" for Apple.

post #195 of 339
Quote:
Originally Posted by Dick Applebaum View Post

Ya' know...

You can buy a programmable device (about the size of a quarter) with an ARM CPU, DRAM, A few sensors (like a thermometer, motion detector, etc.), audible and visual alarms, encryption, Bluetooth 4.0 radio, logging, 2 year battery, case, packaging, shipping, documentation, SDK, etc. -- for $25 (or less) for quantity 1. They're called beacons.

I don't know much about Nest -- but I don't believe there is too much hardware cost in an "intelligent thermostat" or an "intelligent smoke detector" -- especially if the "intelligence" doesn't need to reside in the device itself.

From what I've heard, Nest makes devices that are at Apple's level of quality, reliability, ease-of-use, UX...


An interesting thought occurs... The $99 AppleTV has an A5 APU, RAM, WiFi, USB, Ethernet, Bluetooth 4.0...

You could sprinkle $25 beacons (with thermometers/sensors) throughout your home (and one as the thermostat) -- the AppleTV would contain the intelligence -- then you could monitor the temperature/smoke/radon/security in multiple rooms and take appropriate action as necessary. All this could be easily setup through iTunes/AppleTV/iPhone Remote -- and securely controlled/monitored with any iDevice

 

Yeah, Apple could do that someday.

If they had bought Nest, they could do it next week.

post #196 of 339

Mystery solved...

 

Now we know where Tony took this picture of himself next to the red mac pro, that made the news few weeks ago... 

 

Schmidt's bedroom.

post #197 of 339
Quote:
Originally Posted by BobSchlob View Post

Quote:
Originally Posted by Dick Applebaum View Post

Ya' know...


You can buy a programmable device (about the size of a quarter) with an ARM CPU, DRAM, A few sensors (like a thermometer, motion detector, etc.), audible and visual alarms, encryption, Bluetooth 4.0 radio, logging, 2 year battery, case, packaging, shipping, documentation, SDK, etc. -- for $25 (or less) for quantity 1. They're called beacons.


I don't know much about Nest -- but I don't believe there is too much hardware cost in an "intelligent thermostat" or an "intelligent smoke detector" -- especially if the "intelligence" doesn't need to reside in the device itself.


From what I've heard, Nest makes devices that are at Apple's level of quality, reliability, ease-of-use, UX...



An interesting thought occurs... The $99 AppleTV has an A5 APU, RAM, WiFi, USB, Ethernet, Bluetooth 4.0...


You could sprinkle $25 beacons (with thermometers/sensors) throughout your home (and one as the thermostat) -- the AppleTV would contain the intelligence -- then you could monitor the temperature/smoke/radon/security in multiple rooms and take appropriate action as necessary. All this could be easily setup through iTunes/AppleTV/iPhone Remote -- and securely controlled/monitored with any iDevice

Yeah, Apple could do that someday.
If they had bought Nest, they could do it next week.

My point was that Apple can do this, better, today, for half the price:
  • $99 AppleTV
  • $25 Thermostat beacon
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post #198 of 339
Quote:
Originally Posted by BobSchlob View Post

I'm sorry. I really disagree. If Apple had bought Nest, everybody would be saying "Finally; about time!".
Apple felt the Nest thermostat system was so Apple-like in it's approach (iPod Fadell), that they featured an entire web presence for them on Apple's own web site. And then after that, Apple began to stock the product in the Apple stores and online. The iOS app for the Nest is great, and Apple loved to highlight it (as they do with various home lighting control systems and other home automation products and accompanying Apps)
Nest was not just a "distraction" for Apple.
Apple features beats headphones all over their stores. Should they buy beats? If Apple wanted nest they would have made a play for them. But they didn't. So either nest doesn't have IP Apple wants or it's like the cnet article said, nest is about design not groundbreaking technology and Apple already owns design.
post #199 of 339

GOOG up 2 Billion + in after hours trading.  This sale is looking less overpriced and more like a free pick up at this point.

post #200 of 339
Deleted.
Edited by leavingthebigG - 1/13/14 at 7:17pm
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