from the selling-to-burglars-would-be-wrong dept.
jfruh (300774) writes "Google spent $3.2 billion on Nest. How is it going to make its money back selling high-end electronic thermostats at $250 a pop? Well, keep in mind that Google is a company that makes its money off information, not hardware. In fact, Nest is developing a healthy revenue stream in which it sells aggregated user information to utility companies, to help them more efficiently plan their electricity-generation scheduling. The subscriptions net Google somewhere in the range of $40 per user per year."
"The eleventh commandment was `Thou Shalt Compute' or `Thou Shalt Not
Compute' -- I forget which."
-- Epigrams in Programming, ACM SIGPLAN Sept. 1982