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Apple historically takes ideas implemented by other companies, re-packages them, doubles the price, and declares them new and innovative. The iPod wasn't the first 'mp3' player, iPhone wasn't the first smartphone, the iPad wasn't the first tablet, Apple Watch wasn't the first smart watch, etc.
But it seems to me they are having less and less market impact with their new products. I have yet to see an Apple Watch in the wild, for example, even though about half the people I see around have iPhones. Part of that is that there are many companies now that put out great electronic products and it is harder to stand out.
But HomeKit is going nowhere without some sort of device like this.
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