Smart home technology companies slid on Wednesday after Bloomberg reported that the iPhone giant is developing home products with LG Electronics.
"Apple - in an unusual partnership with LG - is readying a Doorbell, Deadbolt Lock, Thermostat, Indoor Camera, Outdoor Camera, Floodlight Camera and more to rival Amazon and Google as part of its major smart home reboot," Bloomberg reporter Mark Gurman wrote on X.
NEW: Apple - in an unusual partnership with LG - is readying a Doorbell, Deadbolt Lock, Thermostat, Indoor Camera, Outdoor Camera, Floodlight Camera and more to rival Amazon and Google as part of its major smart home reboot. https://t.co/38pmnpaRSr https://t.co/x2jUnksGj9
— Mark Gurman (@markgurman) October 6, 2026
Apple's new smart home hub is set to launch next Tuesday, according to the outlet, and the company will release a wide range of products for the modern home, including cameras, a doorbell and a thermostat.
John Ternus, now at the helm of Apple, has led the design and hardware engineering for nearly all of the company's core product lines over the last two decades. He sees a massive opportunity to broaden Apple's reach inside the home, well beyond the home base that connects to the TV.
The outlet noted that the LG lineup also includes a smart deadbolt lock, indoor and outdoor security cameras, a floodlight camera and a temperature sensor.
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