Nest is in the process of making a cheaper edition of its Nest Learning Thermostat as well as a new line of home security products, according to someone familiar with the company’s plans speaking with Bloomberg. Nest is said to be “seeking a bigger share of the connected home market” in its move to make a cheaper version of its flagship thermostat device.
The cheaper Nest Learning Thermostat would sell for under $200, while the current edition of the device is priced at $249 on the Nest Store. The cheaper model is believed to keep the same temperature learning functionality of the thermostat, but be manufactured with less expensive components and potentially do away with the current version’s metal edges.
Nest is also said to be developing sensors that will act as expansions to existing thermostat systems, and allow users to control the temperature of specific rooms instead of just the entire home. The cheaper thermostat is predicted to launch by next year.
The company is working on a version of its “learning thermostat,” which adjusts the temperature based on usage patterns, that would sell for under $200, the person said. The current version sells for $249. The cheaper model would include less expensive components and at least one internal prototype lacks the flagship model’s metal edges, the person said.