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Nest press conference scheduled for June 17th, new products inbound?
Google spent a massive $3.2 billion in January 2014 to acquire Nest Labs, the company that creates smart thermostats and smoke detectors. While Nest has only launched two products so far, that may change sometime soon. The company has just sent out invitations for a press event scheduled for Wednesday, June 17th, during which we may get to hear about the first products to come from the company since the big Google acquisition. Unfortunately the invitation doesn’t provide much information on the event, so right now all we can do is speculate.
While Nest has only launched a few products since its inception, the company has still been making headlines over the past year for its numerous big acquisitions. Nest bought security camera startup Dropcam last June for $555 million, then soon after purchased Revolv, the home automation company. Since Nest bought these two companies, we have yet to hear any new product announcements or updates, so perhaps that’s what we’ll see on the 17th.
Like I said before, this is just speculation for now, though it does seem like the right time for Nest to introduce new connected home products. We’ll be sure to let you know what the announcement entails when the 17th rolls around.