Disruptor Wyze Releases Undisruptive Smartlock

By: Brian Rhodes, Published on Dec 06, 2019

While Wyze has disrupted the consumer IP camera market with ~$20 cameras, its entrance into smart locks is entirely undisruptive.

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We have reported on the rise of Wyze in the past year, including 'big box' retail displays, selling more than 1 million cameras in their first year, entering the alarm sensor market, and notably impressive video analytics that was recently terminated.

Inside this note, we contrast Wyze's new lock offering to incumbents like August, Kwikset, Lockitron, and Yale showing why it is not disruptive.

************ ********* *** ******** IP ****** ****** **** ~$20 *******, *** ******** into ***** ***** ** entirely ************.

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** **** ******** ** the **** ** **** in *** **** ****,********* '*** ***' ****** displays,******* **** **** * million ******* ** ***** first ****,******** *** ***** ****** market, *** ***************** ***** ************* *********** **********.

****** **** ****, ** contrast ****'* *** **** offering ** ********** **** August, *******, *********, *** Yale ******* *** ** is *** **********.

[***************]

Wyze **** ********

****'* ********* ***** ******** the *********** ***** *** pitch ** *** *** offering:

Uses ****** '******* *********' ******

******* ******** ** ** a **** **** ** '********* **** **** ** already *** *****', *** **** **** is **** ******* ** other ***** *****.

*** **** **** * common *********, *******-*******, ***-********* tailpiece **** **** ***** smart ***** *** ** well. *** ***** ***** contrast *** *** **** lock ******* ******* ****** that *** ** ******* production:

Wyze Contruction Similar To Other Smartlocks

**** ***** '***** ****' products, **** **** ****** control ** **** *** an ***, *** *** device ****** **** **** or *** ** *********** user ********.

*** **** **** ****** door ******** ******** *** a ****-** ****** ****** 'gateway' *** *** ******* outside *** ***** *******, but ***** ******** *** implementations *** ****** ** other ***** ***** ** well.

*** **** **** ***/***** location ** ******* **** or ****** ****** *** geofencing, *** ** ********** BLE ****** ** ********* for *** ******** ** apps ** **** *** not *********.

Retrofit **** ******** ********

*** *** **** ' 4 ** ********* *** two ******', ******* *** ******* ***** cylinders ** ******** ************ ******* **** ******** the ****** ******* ** the ****:

Installs As Retrofit On Existing Deadbolt

**** **** ***** ********, Wyze **** ***** ** not *** **** ** required ** ****** * door, *** *** ******* instead ** **** ****** to ******* ******** '****', unnetworked *****.

********, ** ******** ******** are ***-********, ******** *** ********* **** ***/******* ********, the **** **** **** nothing ** ******* *** problems, *** **** ***** will **** ***** *******/******** to ***.

Pricing *** **********

**** *** ********* ******* segments **** ************* ***** prices **** *********** -$** *******,$* ****** *******, ***.

*******, ******* **** ** ~$**. ***** *** **** is ***** *** **** expensive *********, ** ** not ***** ** ***** priced *********** **** ********* than *********** ********.

*** ****** ***** ******* current ********* ********** *** differences ******* *** $** Wyze **** *** ***** established ***** **** ******:

Unremarkable **** ********

*** ***** *************** ** Wyze's **** *** ******* available ** ***** ********, specifically:

  • ******:**** ******* *** * common ******* ****** ********** or ********** *********, ********** to ******, *******, *** Yale *****.
  • ****** ******: ***** **** ** control **** ***** ******** via *** ******** ** done *** ****-** *******, the **** ************** **** other ****** ***.
  • '****-******': ****** *** **** detect *** ********* ** users *** ************* ****** the **** ** ******* in **** ***** ***** and ** *** * 'differentiator' ** **** *****.
  • **** ******** ******: ***** **** ****** than *** ***** ********, door ******** ** ******** in ********* ********** *****, *** ***** * great ******** ** *** system ** *** ********* to ****.

Wyze ****** *** ******

**** *** *** ****** Wyze ****, ** ** cannot ******** *** **** and ******** *** ******* performs. *******, **** ** lock *********** *** *********** match *** ******, **** Lock **** ** ****************, but ********** **** *********, compared ** ***********.

Channel **** *****

******* *** **** **** the ***** **** ** fundamentally ******** ** **** features *** *******, ** is ****** * ***** incremental *********** *** ****. The ******* *** ******** of *********, **** ** whom *** **** *** will ****** ***** ***** of **** **** ******* to ***** ***** ** take ********* ** * single *** / ****** experience.

Adding Locks to Wyze ‘Smart Home’ Products

** **** ***, **** is * ******* ******** that **** ******* **** used *** *****, **** Cisco ** ****** **** to ****, ***. ***** Wyze **** *** ******* smart *****, **** *** make ****** ******* ********* existing **** ****** ***** to ****** ***** **** ones.

Comments (12)

Undisclosed Integrator #1

12/06/19 01:00pm

********** ** *** *** these ****** ***** ** against * ****** ******?

Shannon Davis

TED Systems
12/06/19 01:10pm

* **** *** ** order. * **** ****** after * ******* ****.

Undisclosed Manufacturer #2

12/06/19 01:16pm

*****, * ***** ** research **** ******* **** worked **** ** ****** the **** "******" ** snapped *****. ******'* **** anything ******** ***** ****.

* *** **** ******* it ** * ******** of "****** *****" ??

Avatar

Ethan Ace

IPVM | In reply to Undisclosed Manufacturer #2 | 12/06/19 08:00pm

******'* *******, ***** **** ** a *** ******* ** find, **** **** *** based ** *********, *** a ***** ********* ****, ***** **** ******* Loock. *** **** ** Xiaomi ** ****** ** or ** *****'* * relationship ******* *** ******. I *****'* ****** ** it *** ****.

Undisclosed #3

12/06/19 05:11pm

*** **** *********?

Undisclosed Manufacturer #4

12/09/19 03:01pm

************, ** ***** ** be * *****-*** ** August. *** ***** ******** mimick *** ****** ****** in **** ***, *****, or ****-****.

*** ****...**** ** ****** but **** *******/***********. **** has ****** *** **** insert ***** (******* ** rounded) **** ** **** to ***** *** ***** lock ** *** ****** side/thumb **** ****. **** (thumb-turn ****) ***** *** same ****** *******. **** have *** **** ******* with *** ********/******** ******. They **** **** *** "bridge" ******...****** ***** ** the "******* ******," **** calls ** *** "**** Bridge". **** **** **** a **** ******** ******, JUST **** ******! ********** or **** * ******* copy, ********?

Avatar

Brian Rhodes

IPVMU Certified | 12/16/19 08:15pm

Update: **** ****** **** ****

**** **** **** ******* saying ****'** ****** *** expected **** **** *** Wyze **** ***** *** 2020:

** *** ********** **** on **** *** *** clarity ** *** ******* situation *** *** ***** orders (*** **** *** already **** ******* *** this *** ******* *****).

Avatar

Brian Rhodes

IPVMU Certified | In reply to Brian Rhodes | 12/17/19 08:19pm

[******: **** **** ******]

** * ******-** ******, Wyze **** ** **** will ****** *** '*****' lock ********. ** ****** up * '****' ****** requesting **.

Shannon Davis

TED Systems
01/09/20 03:12pm

**** **** ** **** today. ******* ** ****** in *** **** *** or ***. **** *********** to *** *** ********* it ** **** *** deadbolt *** *** ******* the **** ***. * will **** ****** **** to **** *** **** of *** ***** ** the **** ***** ** the **** **** ** able ** **** *** deadbolt **** ********. ****** door * **** ********** to ***.

Avatar

Ethan Ace

IPVM | In reply to Shannon Davis | 01/09/20 05:08pm

*'* ******* ***** *** deadbolt, ** ****. * recently ******** ******* *-**** bolts ** ** ***** with ******* (***** ** long, ****** *****) *** discovered *** ******* **** nicely ******* *****, ** door ********* ****** *** reduced. ******* ** **** from *** ***:

**** ** * ******* improvement **** *** ********. My ***** **** **** used ** ******** ******* it's *** *** *** of ********* *** *'* not ****** ** **** a *** **** *** door *** *** ****** to *** ** ******. With *** ******* ****, no *******. ********* **** longer, ** ****, ******* it *****'* **** ** crank ** ****.

*'* ********** ** *** how **** * $** lock ****.

Shannon Davis

TED Systems
In reply to Ethan Ace | 01/09/20 05:22pm

****** ***** *** * may **** ** ***** even **** *****. 😉 Mine ** ** ***** old. ******** **** ***** may ****. ******* **** my **** ** ** I ***'* ******* *** deadbolt **** *** ******* stripping *****'* **** ****. I ***** **** *** a *** **** *** together *** **** *** $90 **** **** **** into $****. * **** know **** *******. ****** for *** *****.

Shannon Davis

TED Systems
In reply to Ethan Ace | 01/09/20 05:45pm

***** *** *** *** the ******* **** ** other **** ******?

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