When Google Inc. (NASDAQ:GOOG)(NASDAQ:GOOGL) acquired Nest Labs earlier this year for a whopping $3.2 billion, it made no mystery of its goals to advance the Internet of Things. After all, as a smart thermostat specialist, Nest effectively sits at the center of your home and gives Google a perfect position to kick-start a simpler, more connected way of life for everyday consumers.
But according to the Fool's Steve Symington in the following video, Google just made it crystal clear it knows Nest can't tackle the Internet of Things all by itself. Specifically, Steve notes that Google just launched its Nest Developer Program, which gives software developers around the world access to much of Nest's core functionality through a new, easy-to-use application programming interface.
And if this sounds eerily similar to Apple's (NASDAQ:AAPL) stated intentions for its recently announced HomeKit platform, that's because it is. This in mind, Steve says, Google has a solid head start in announcing several big-name partners already developing innovative solutions through the Nest Developer Program. To hear Steve's full take on what this means for Google's broader Internet of Things ambitions, please watch the following video.
HomeKit isn't the only thing up Apple's sleeve
But Apple also obviously isn't willing to place all its fruit in one basket. In fact, Apple recently recruited a secret-development "dream team" to guarantee that its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are even claiming that its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts that 485 million of these devices will be sold per year. But one small company makes this gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and to see Apple's newest smart gizmo, just click here!
Steve Symington owns shares of Apple. The Motley Fool recommends and owns shares of Apple and Google (A and C shares). Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.