In The News

IKEA'S Smart Home Dares to Make Sense

August 13, 2017

Starting with just lighting also keeps things simple for Ikea. Rather than slapping a chip in the nearest Frostig, it entered the market playing to its strengths.

"They've had lighting fixtures for quite a long time," says Brad Russell, a research analyst at Parks Associates. "It's a natural fit for them. One of the use cases for lighting is design, so that fits into the design consciousness of the brand. Also more generally speaking, lighting is a low-cost entry point for any smart home."

From the article "IKEA'S SMART HOME DARES TO MAKE SENSE" by Brian Barrett.

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About Parks Associates

IKEA'S Smart Home Dares to Make Sense

Previously In The News

Piracy Could Result in $113 Billion Loss for Streaming Services by 2027

Builder Designs Houses That Can Run For Weeks Without Power

Netflix, Inc. (NFLX): William Blair's Bull Case Points To $185 Price Target

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