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Smart home prices tick further downwards, where’s the bottom?

Amazon has been responsible for yet another smart home device price drop. This time, a Gosund smart plug is going for just $5 – the latest price cut in a broader trend of ever smaller prices for smart home devices. Gosund’s price is a huge reduction on the typical prices for these devices even a year ago. In June last year, Innr’s Smart Plug was being sold for $35, while Philips’ Hue SmartPlug went for $40 in September. Having surveyed the history of other smart home device prices, it seems that, in general, vendors are trying to make devices more affordable. This is usually done not by dropping the prices of older models, but by introducing newer cheaper models. If…

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