Ann: Acquisition of LIFX and Share Placement, page-191

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gutterman

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19/02/19

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Post #: 37488859
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Originally posted by DreadPirateRoberts ↑

Originally posted by techfacts
@Retireyoung I am not sure I understand your response. I was simply asking if any had seen or work out the ROI, is it worth me spending $100 or $500 or whatever on these smart bulbs. What happens if the bulb blows or I get a power surge which blows them out, very expensive loss and to replace?.

Smart bulbs will never be 100% of the market. While selling 1.8m bulbs is a great result, in the scheme of things it is nothing. According to my reading there are 8b light bulbs globally, so a huge potential market provided it makes sense to spend 00s of $$ buying these new smart bulbs. Time will tell
For me, and I imagine most of the residential smart bulb owners, it’s not about cost savings. I have about a dozen Hue lights and I love them (but not the app). Its one of those things that once you have it, you could never go back to “normal” bulbs. For starters I rarely touch a light switch, they just just turn on/off based on the location of my phone. Creating the color schemes is addictivly fun too. I have a sunset style theme most of the time, as well as a dim blue for watching movies. It’s really cool. Kinda hard to describe the benefit until you try it for yourself. And oh my god the light strips are so much fun. I’ve got one under the couch, one behind the TV, and one under the kitchen cabinets. They look really cool.

So, residential isn’t really about saving money. But bulbs sold to commercial locations might be different. You can get the simple white lights a lot cheaper, and that might be a more realistic cost savings solution.

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As far as costs goes I imagine if you were building a new house today you could install smart bulbs then you would save money by doing away with most of the wiring, switches, fuses etc and the labour component of the installation.

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Ann: Acquisition of LIFX and Share Placement, page-191

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