Apple's new smart home line-up includes a smart lock, thermostat and video doorbells

Impact · against what's priced in

Apple's entry into smart home hardware provides a new, albeit modest, revenue stream to help bridge the gap toward the 17%+ growth the market demands, though outsourced production may limit margin gains. The green card program restriction is a negative headwind for Microsoft and Adobe's talent acquisition, though not a primary driver of their current valuations.

AAPL+0.30

Challenges what's priced in

The price assumes