Google Making Nest More Than Home Automation, Team to Become Main Hardware Group
January 31, 2014 10:37 AM
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The Nest team will stay intact
bought Nest Labs
earlier this month for a solid $3.2 billion in cash and according to a new report from
, Google's new Nest team will be the search giant's core hardware group. That means Nest won't
be used for home automation and energy monitoring -- the team will be in charge of Google's latest hardware, which could include smartphones and tablets for Google's Android mobile operating system.
Google will keep the Nest team intact, including Nest CEO Tony Fadell. Fadell, who used to work for Apple on the iPod as well as the iPhone development teams, is considered a top dog when it comes to hardware -- but he's also comfortable with software.
said Google was looking for the right product designers and engineers who could cross between both hardware and software, and saw that in Nest.
[SOURCE: Digital Trends]
While Google will likely have its new hardware team work on home-automated devices as well, many reports say the Nest guys will take over all hardware projects spanning many kinds of devices. It's currently unclear what those devices will be.
It's interesting to see that Google sold off Motorola Mobility the same month that it acquired Nest. Many have concluded that Google originally acquired Motorola with the same intentions as when it acquired Nest; to have an innovative hardware team to power Android devices and beyond.
Google ended up
selling Motorola to Lenovo
for $2.91 billion earlier this week, reportedly taking a $7 billion net loss on the company.
But Google got to hold onto Motorola's patents, which is likely what it acquired the company for anyway. Now, armed with patents and a whole new hardware team, we'll have to wait and see what Google does next.
Google just posted its
Q4 2013 financials
, posting a significant rise in revenue from $14.42 billion USD in Q4 2012 to $16.86 billion USD in Q4 2013. Analysts expected $16.75 billion USD. But net income (GAAP) was at $4.10 billion USD ($12.01 USD/share), which is up roughly 15 percent year-over-year, but represents 1.5 percent less than the $4.16 billion USD ($12.20 USD/share) than Thomson Reuters predicted.
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RE: Where is the value?
2/3/2014 1:22:15 PM
The value is not in the thermostat, but in home automation in general. What home automation has been missing the last 10 years is a common secure platform which can be used to launch a variety of hardware from, and allow all of this hardware to talk together.
So imagine a world where you have an HVAC, water heater, solar panels, battery backup, fridge, and other major appliances all tied together. The system then is connected to the web to get a forecast for the next 5-10 days, as well as a general prospectus of what is realistically expected for temps and sunshine in your area during different seasons. The system would then be able to intelligently produce and supply power to various home appliances in a way that is efficient, and storing enough energy to get you through a few days of foul weather without having to touch the grid. During times of overproduction then the system would be able to sell off excess power to the grid without need of taking energy back at night. All while providing a comfortable home to live in. That is a big deal if they can pull it off.
Thermostats are just the first of many technologies that Nest is invested in as it was the easiest to sell. But there is a lot more that was purchased with this deal than their current product lineup.
"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer
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