• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechSmart home devices

Apple set to challenge Amazon and Google with big move into smart-home gadget market

By
Mark Gurman
Mark Gurman
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Mark Gurman
Mark Gurman
and
Bloomberg
Bloomberg
Down Arrow Button Icon
January 19, 2023, 5:09 AM ET
The push into smart displays will start with a tablet product — essentially a low-end iPad — that can control things like thermostats and lights, show video and handle FaceTime chats.
The push into smart displays will start with a tablet product — essentially a low-end iPad — that can control things like thermostats and lights, show video and handle FaceTime chats.Janine Schmitz—Photothek/Getty Images

Apple Inc. is working on a slate of devices aimed at challenging Amazon.com Inc. and Google in the smart-home market, including new displays and a faster TV set-top box, after relaunching its larger HomePod speaker.

The push into smart displays will start with a tablet product — essentially a low-end iPad — that can control things like thermostats and lights, show video and handle FaceTime chats, people with knowledge of the plans said. The product could be mounted on walls or elsewhere using magnetic fasteners, positioning it as more of a home gadget than a regular iPad.

Apple has also discussed the idea of building larger smart-home displays, according to the people, who asked not to be identified because the deliberations are private.

While the iPad already has smart-home features, standalone smart-home devices — often designed as countertop or wall-mounted appliances — have grown increasingly popular. Amazon sells a line of Echo Show products with displays, while Google offers its Nest Hub. And the latter company — part of Alphabet Inc. — is readying a Pixel Tablet with an optional stand. Apple also has discussed creating a home stand for its current iPads.

The Cupertino, California-based technology giant has struggled in the home space and has ceded much of the market to its rivals. Its current devices remain limited in their functionality, with Apple’s Siri voice-control service lagging behind Amazon’s Alexa and the Google Assistant. The new devices — along with upcoming changes to Siri — are aimed at turning around Apple’s fortunes.

A representative for Apple declined to comment.

Earlier Wednesday, Apple rolled out the new HomePod speaker. The $299 device is revamped version of the original, running the same chip as last year’s Apple Watch. It has an updated media panel on the top and a new sensor for determining the temperature inside of a user’s home. Bloomberg reported that the new speaker was imminent earlier this year. The temperature monitor first appeared in the HomePod mini in 2021, though it wasn’t yet functional at the time.

The original HomePod was discontinued in 2021 after mediocre sales, with customers balking at the price and limited functionality. It initially launched at $349 before a price cut — a rare move for Apple — took it down to $299. Apple introduced a $99 HomePod mini in 2020 that has proven to be more popular, taking about 13% of the smart-speaker market, according to Strategy Analytics. 

As part of its pursuit of smart-home customers, Apple has agreed to support the new Matter protocol, which lets rival gadgets work together. The company also recently redesigned the Home app that helps control its devices.

Beyond the future smart displays and new speaker, Apple is working on revamping its TV box. A new version with the current design is in the works for the first half of next year with a faster processor, the people said.

Apple last updated its TV device in October, giving it the iPhone 14’s A15 chip and a remote control that uses the USB-C standard. Despite regular efforts to improve the product, the Apple TV box has made limited headway in the market. It holds only a 5% share, according to Insider Intelligence, compared with 30% for Amazon and 28% for Roku Inc.

While the new version will support an upgraded chip, it likely won’t support 8K video streaming, a still nascent video format. 

Work on a long-anticipated product that would combine the TV box with a smart speaker and FaceTime camera also has suffered setbacks, though that project is still ongoing. The device was initially targeted for release this year, but the timing has slipped. Likewise, the smart displays have seen their development schedules delayed and likely won’t launch until next year at the earliest. 

Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Sign up here.

About the Authors
By Mark Gurman
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Tech

InnovationVenture Capital
This Khosla Ventures-backed startup is using AI to personalize cancer care
By Allie GarfinkleDecember 4, 2025
4 hours ago
AIEye on AI
Companies are increasingly falling victim to AI impersonation scams. This startup just raised $28M to stop deepfakes in real time
By Sharon GoldmanDecember 4, 2025
4 hours ago
Jensen Huang
SuccessBillionaires
Nvidia CEO Jensen Huang admits he works 7 days a week, including holidays, in a constant ‘state of anxiety’ out of fear of going bankrupt
By Jessica CoacciDecember 4, 2025
4 hours ago
Ted Pick
BankingData centers
Morgan Stanley considers offloading some of its data-center exposure
By Esteban Duarte, Paula Seligson, Davide Scigliuzzo and BloombergDecember 4, 2025
4 hours ago
Zuckerberg
EnergyMeta
Meta’s Zuckerberg plans deep cuts for Metaverse efforts
By Kurt Wagner and BloombergDecember 4, 2025
5 hours ago
Pichai
Big TechAlphabet
Alphabet’s AI chips are a potential $900 billion ‘secret sauce’
By Ryan Vlastelica and BloombergDecember 4, 2025
5 hours ago

Most Popular

placeholder alt text
Economy
Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt
By Eleanor PringleDecember 4, 2025
9 hours ago
placeholder alt text
North America
Jeff Bezos and Lauren Sánchez Bezos commit $102.5 million to organizations combating homelessness across the U.S.: ‘This is just the beginning’
By Sydney LakeDecember 2, 2025
2 days ago
placeholder alt text
Economy
Ford workers told their CEO 'none of the young people want to work here.' So Jim Farley took a page out of the founder's playbook
By Sasha RogelbergNovember 28, 2025
6 days ago
placeholder alt text
Success
‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way
By Preston ForeDecember 4, 2025
5 hours ago
placeholder alt text
North America
Anonymous $50 million donation helps cover the next 50 years of tuition for medical lab science students at University of Washington
By The Associated PressDecember 2, 2025
2 days ago
placeholder alt text
Economy
Scott Bessent calls the Giving Pledge well-intentioned but ‘very amorphous,’ growing from ‘a panic among the billionaire class’
By Nick LichtenbergDecember 3, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.