Nest invites press to a “Big announcement” on September 20
Earlier today Nest announced a new thermostat but it appears the company has more things to announce. Nest just sent invites to an event on September 20, saying it's a big announcement. No other details were offered.
The company needs a hit and the product announced earlier today is not it (though it looks fine.
Nest has been seemingly slow to roll out new products. The company launched the original Learning Thermostat in 2011, following it up less than a year later with an improved version. The Nest Protect smoke and carbon monoxide detector came out in 2013. Then in 2014, Google purchased the company for $3.2b, adding Dropcam's cameras to Nest's portfolio a few months later after Google purchased that company for $555m.
But since under Google's umbrella, the product innovation seemed to stale. Products were updated but the innovative fire seemed to diminish. And then co-founder Tony Fadell left.
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