Apple, Huawei, HP announce $2,700 smart home blind devices
Apple and Huawei announced on Monday that they had agreed to sell $2.6 million worth of smart home products that use the same technology that is in the Philips Hue smart home bulbs, but at lower prices.
The smart home market is expected to be worth $1.8 trillion by 2019, according to The New York Times.
Philips, which has been a supplier of the Hue bulbs since 2014, announced in March that it would stop selling Hue bulbs.
The company said it had not yet completed the deal with Apple, but that it was expected to do so by the end of the year.
“We are delighted to announce our agreement with Philips Hue,” Apple said in a statement.
“We look forward to collaborating with Philips on smart home technology for the future.”
The agreement with Huawei is the latest in a series of deals between the tech giants and other home-technology companies.
The tech companies are also collaborating with HomeSense, which offers wireless home security systems that can connect to your home.
Huawei and HomeSense are expected to share some of the same smart home security technology.