Comcast Corporation (CMCSA) – the largest cable Multi Service Operator (MSO) in the U.S. – has recently announced that it has struck a deal with OSRAM SYLVANIA. OSRAM SYLVANIA is a leading manufacturer of lighting devices and will provide energy saving light bulbs that can be operated from anywhere through the Xfinity Home platform.
Comcast along with OSRAM SYLVANIA will be the first MSO to offer such remote controlled LED smart light bulbs that reduces nearly 83% of the consumer’s billing cost and lasts 17.5 times more than other incandescent light bulbs.
So, we believe that including such innovative products in its Xfinity Home portfolio will not only boost Comcast’s Xfinity Home business but will also create a new revenue platform for the company, going forward.
Customers of Xfinity Home solution, which is a cloud-based service, are provided with a touch screen device, similar to a tablet. The device allows the users to monitor their homes from anywhere. Subscribers can also control their dwelling online through iPad/iPhone applications. They will also get 24 hours police and fire protection along with latest weather, sports and traffic reports. These facilities come at a cost of only $40 per month.
The importance of home security solution is gaining momentum as it has already lured other big players like TIME WARNER CABLE Inc. (TWC), AT&T, Inc. (T) and Verizon Communication Inc. (VZ) to offer similar services at attractive rates to its subscribers, thereby intensifying competition in the home security market. Thus, to consolidate its position in the home security segment, Comcast is continuously expanding its product and service portfolio.
Currently, Comcast Corporation carries a Zacks Rank #3 (Hold).
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