Competition in the home energy and automation just got a little tougher
I think Google will be a formidable competitor in this space with the Nest management team. Honeywell better hit the gym if they want to continue flexing their muscles in this space. Maybe they should have spent more time and money on innovation rather than patent litigation.
Thermostats represents just under 6% of Hon's business
Just what everybody needs is a new sensor which can detect when you are or are not home----maybe google will sell that info to the highest bidder as well..lol