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This is a big step for Google in establishing itself as the operating system (OS) for inter-connected devices for home use. The developer program will allow apps to make use of Nest’s various sensors, also potentially see it integrated with other products such as wearables.
It’s a similar approach seen in the smartphone space, with Google and Apple who are both leveraging their huge library of applications to attract and lock in users into their mobile-operating systems.
Once again, Google is in a race against Apple. Earlier this month Apple unveiled, HomeKit, a software that turns the iPhone into a remote control for your house. Samsung has also been talking up smart devices and has been pushing out a range of connected home appliances such as TVs, washing machines, refrigerators, and air-conditioners.
They will all be looking for the ’killer app’ for the home that will hook in users into their ecosystem. Nest will have a good start, with over 5,000 developers already expressing interest in working on its platform.
Ahead of the Singapore Open
Overnight we saw Wall Streetretreating despite some positive data from consumer confidence and new home sales, both coming in above market expectations.
Japanese equities have started the day with some weakness, following Prime Minister Shinzo Abe’s unveiling of details on his ‘third arrow’ of his economic reforms. While details were largely in line with expectations, there’s some scepticism over the time needed for implementation to effectively kick in.
We are calling for MSCI Singapore to open -0.20 points at 371.05.