- Apple enthusiasts buy the company’s products chiefly because of the ecosystem of software and services that allow them to enjoy numerous tools and Apple-only applications
- This unique selling point could equally influence people who currently own Apple products to buy Apple ecosystem compatible smart home devices built on the HomeKit framework
- SPYR, through its wholly-owned subsidiary, Applied Magix, offers white-label HomeKit products and accessories, but ultimately intends to develop, manufacture, and sell its own line of branded products based on the HomeKit framework
During the 2020 Worldwide Developers Conference (“WWDC”), Apple Inc. (NASDAQ: AAPL) announced an update to HomeKit – the company’s framework, which pairs compatible smart home devices with the iPhone via Apple’s Home app, enabling users to centrally control the devices, automate certain operations, and use voice commands – that observers believed would boost its smart home efforts (https://ibn.fm/ijb0G).
The update would allow HomeKit to provide recommendations that optimize the automation potential of smart home devices, solving a glaring problem afflicting users at the time – the complexity of automating different…
NOTE TO INVESTORS: The latest news and updates relating to SPYR are available in the company’s newsroom at https://ibn.fm/SPYR
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