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

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  • Reply 141 of 337
    cpsrocpsro Posts: 3,225member
    Quote:

    Originally Posted by hydr View Post

     

    How much is Jony Ive worth for Apple? $3B is pocket change for Google. Good design cost money. Simple.


    As for quality of design and implementation, the Nest thermostat is closer to the Samsung Galaxy Gear than to an iPod or touch.

  • Reply 142 of 337
    ingelaingela Posts: 217member

    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.

  • Reply 143 of 337
    rogifanrogifan Posts: 10,669member
    Quote:

    Originally Posted by hydr View Post

     

     

    How much is Jony Ive worth for Apple? $3B is pocket change for Google. Good design cost money. Simple.


    Well if Tony Fadell is worth $3B then Ive is worth 10x that much. So basically Google paid $3B dollars because a thermostat and smoke detector look like they could have been designed by Ive & Co. at Apple.

  • Reply 144 of 337
    rogifanrogifan Posts: 10,669member
    Quote:

    Originally Posted by starbird73 View Post





    That is what I mean. The only thing that makes sense with that price tag.

    Hmm..isn't that also why they bought Motorola Mobility?

  • Reply 145 of 337
    hmurchison wrote: »
    I totally think Nest is more appropriate for Google rather than Apple because Google thrives off of info and that's what Nest will give them via their huge datasets. 

    What I want Apple to do here is let us know what side of the Home Automation are they going to come down on. 

    Zwave, Zigbee or 6LowPAN or some proprietary format of their own creation?   As much disdain as I have for the grandiose "Internet of Things" hyperbole being spouted off daily I do think this year is the year to lay down the tracks and start building a more connected world. 

    Google's made one step here ....it'll be interesting to see what other synergistic companies they acquire going forward.

    Mmmm... Over the years I expected to Apple to cut a deal with, or acquire, Echelon -- in order to get into the enterprise and home automation business.

    Echelon (ELON) has a market cap of about $100 million. Echelon was founded by Mike Markkula after he left Apple.
  • Reply 146 of 337
    dasanman69 wrote: »
    In other words Google is the Santa Claus for adults.

    Well you joke about that, but he is pretty popular because he give free gifts to good boys and girls who agree to Santa's terms and conditions, which includes spying on them. :)
  • Reply 147 of 337
    solipsismxsolipsismx Posts: 19,566member
    Billion... As in billion?

    This many…

    1000
  • Reply 148 of 337
    I'll be putting tape over the camera! I also now want to know more about disabling access to the internet or at least how to install Little Snitch. :\

    Setup a secondary wireless router that is only or the nest. Don't hook that router up to the net. Done.
  • Reply 149 of 337
    solipsismxsolipsismx Posts: 19,566member
    rogifan wrote: »
    Well if Tony Fadell is worth $3B then Ive is worth 10x that much. So basically Google paid $3B dollars because a thermostat and smoke detector look like they could have been designed by Ive & Co. at Apple.

    The functionality of Nest is very good, too. It's well thought out and intuitive to set up and run. I only hope Google will take Nest's torch and help it to grow, not gut it and warp it into something that is lesser version it is now.
  • Reply 150 of 337
    Quote:

    Originally Posted by robbyx View Post



    The only company I'd support Apple buying is Nintendo. I say that as both an Apple customer and shareholder. Bringing the Nintendo brand and characters to Apple would be a smart move and would totally re-energize the Nintendo platform. Apple TV becomes the next generation Wii with an App Store and game rentals. All games go exclusive for iOS devices.



    Nest for 3.2B seems insane. The question is, could Apple spend 3.2 billion to build Nest? For sure. That money is better didn't elsewhere. And if they want to get into smoke detectors and thermostats, they can roll their own solution for a lot less than Google spent, I would imagine.

     

    Let Nintendo go bankrupt first, then negotiate.

  • Reply 151 of 337
    solipsismxsolipsismx Posts: 19,566member
    Setup a secondary wireless router that is only or the nest. Don't hook that router up to the net. Done.

    The guest account for the AEBS (and most other dual-band WiFi routers) doesn't allow access to the router's settings or access to its built-in Ethernet switch.
  • Reply 151 of 337
    crowleycrowley Posts: 10,453member
    rogifan wrote: »
    Someone please explain how Tony Fadell is worth $3B.
    That music player jukebox thing he lead developed at Apple did fairly well I think...
  • Reply 153 of 337
    crowleycrowley Posts: 10,453member
    Let Nintendo go bankrupt first, then negotiate.
    Nintendo have $60bn cash, loads of assets and no debt. They can carry on for many years even with their current losses.
  • Reply 154 of 337
    bobschlobbobschlob Posts: 1,074member
    Quote:

    Originally Posted by Rogifan View Post



    How in the world is Nest worth $3B? Seems to me a crazy amount to pay for a company that has two products.

     

    Quote:
    Originally Posted by helicopterben View Post

     

    Not sure if Apple wanted to buy this but I know Apple loves to accumulate Cash  <img class=" src="http://forums-files.appleinsider.com/images/smilies//lol.gif" /> 

     

    Edit: I think Apple did not want this JUNK as they say We are not in business of Junk!

     

    http://www.businessinsider.com/nest-thermostat-problem-2014-1


    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:

  • Reply 155 of 337
    jungmarkjungmark Posts: 6,927member
    A post full of ignorance. Do you seriously believe that?

    Heck, Apple should buy tripadvisor today and incorporate it on Maps, otherwise google will do it.

    Somebody needs to upgrade their sarcasm detector. Unless of course it runs Android, no updates are available.

    Perhaps Googs just bought Fadall to help reimagine Moto's phone.
  • Reply 156 of 337
    rogifanrogifan Posts: 10,669member
    crowley wrote: »
    That music player jukebox thing he lead developed at Apple did fairly well I think...
    I'm sure Jon Rubenstein would have something to say about that.
  • Reply 157 of 337
    solipsismxsolipsismx Posts: 19,566member
    crowley wrote: »
    Nintendo have $60bn cash, loads of assets and no debt. They can carry on for many years even with their current losses.

    Nintendo is an amazing company with a crazy history. Even when they seem completely out of they find way to reinvent themselves and breath through with new products that excite buyers. They've come a long way since making playing cards in 1889.

  • Reply 158 of 337
    Well there goes my desire to ever buy any Nest products ever again...
  • Reply 159 of 337
    lundylundy Posts: 4,466member
    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.

  • Reply 160 of 337
    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.

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