In the latest report from Mark Gurman’s weekly newsletter at Bloomberg, there was talk about Apple’s plans for new product developments in home devices. Here are the details:
The new Apple TV model features a FaceTime camera for video conferencing and gesture control, compatible with iPhone and Vision Pro.
Smart display, rumored to be customizable to different areas of the home or possibly in the form of a movable robot, as recently speculated.
Gurman mentioned that finding new product categories to drive growth is a challenge for Apple. Currently, iPhone generates over half of the company’s revenue, but growth is slowing. Hardware remains a major revenue source, with over 80%. Projects like electric cars or developing screens for Apple Watch have been scrapped. While other companies excel in AI, Apple is lagging behind. Therefore, home device hardware may present a new opportunity for Apple.
Source: Bloomberg
TLDR: Apple may be looking into innovative home device hardware to drive growth as iPhone revenue slows down amidst competitive challenges.
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