Which Companies Are Set to Profit if Apple Helps Create a Smart Home Revolution?

At its recent World Wide Developers Conference, Apple (AAPL -1.22%) introduced Home Kit, a new developer framework aimed at bringing the myriad of smart-home devices, apps, certifications, and so on under one streamlined roof.

But who might the winners be if Apple's Home Kit manages to get everyone on the same page and drive the smart-home revolution forward? Perhaps notable plays in the space including Taiwan Semiconductor (TSM -3.45%) -- the company has already been benefiting in recent years from the rise of tablets and smartphones, but the Internet of Things could fuel new device categories. 

Along those lines, ARM Holdings (ARMH) is another company investors could look into, but it trades at a much richer multiple relative to Taiwan Semiconductor. Eric notes that overall, Taiwan Semiconductor could be an overlooked beneficiary of Internet of Things trends across the next decade. 

In the video below, The Motley Fool's Alison Southwick talks to Fool tech analyst Eric Bleeker about Apple's move into the smart home and what it means for the companies that follow it into this realm.