Sunday, June 22, 2014

Quirky to Create a Smart-Home Products Company

Quirky stands to benefit substantially from the smart-home market, especially if Wink can accelerate the growth of the business.

Demand is picking up. Sales in eight major categories of networked home products — led by lights, thermostats and video cameras — are expected to reach 25 million units and $3.5 billion by 2018, up from 11 million units and $1.4 billion last year, according to Parks Associates, a research firm.

And Google’s purchase of Nest for $3.2 billion this year is a promising sign. Another came on Friday, when Nest announced that it planned to buy Dropcam, a maker of Internet-connected home video cameras, for $555 million.

From the article, "Quirky to Create a Smart-Home Products Company" by Steve Lohr.

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