Disruptor Wyze Releases Undisruptive Smartlock

Published Dec 06, 2019 12:56 PM

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

IPVM Image

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.

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

****'* ********* ***** ******** *** *********** story *** ***** ** *** *** offering:

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

******* ******** ** ** * **** that ** '********* **** **** ** ******* *** there', *** **** **** ** **** similar ** ***** ***** *****.

*** **** **** * ****** *********, battery-powered, ***-********* ********* **** **** ***** smart ***** *** ** ****. *** image ***** ******** *** *** **** lock ******* ******* ****** **** *** in ******* **********:

IPVM Image

**** ***** '***** ****' ********, **** lock ****** ******* ** **** *** an ***, *** *** ****** ****** uses **** ** *** ** *********** user ********.

IPVM Image*** **** **** ****** **** ******** switches *** * ****-** ****** ****** 'gateway' *** *** ******* ******* *** local *******, *** ***** ******** *** implementations *** ****** ** ***** ***** locks ** ****.

*** **** **** ***/***** ******** ** trigger **** ** ****** ****** *** geofencing, *** ** ********** *** ****** is ********* *** *** ******** ** apps ** **** *** *** *********.

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

*** *** **** ' * ** batteries *** *** ******', ******* *** ******* ***** ********* ** existing ************ ******* **** ******** *** ****** portion ** *** ****:

IPVM Image

**** **** ***** ********, **** **** alone ** *** *** **** ** required ** ****** * ****, *** the ******* ******* ** **** ****** to ******* ******** '****', *********** *****.

********, ** ******** ******** *** ***-********, like**** *** ********* **** ***/******* ********, *** **** lock **** ******* ** ******* *** problems, *** **** ***** **** **** other *******/******** ** ***.

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

**** *** ********* ******* ******** **** significantly ***** ****** **** *********** -$** *******,$* ****** *******, ***.

*******, ******* **** ** ~$**. ***** *** **** ** ***** the **** ********* *********, ** ** not ***** ** ***** ****** *********** less ********* **** *********** ********.

*** ****** ***** ******* ******* ********* illustrate *** *********** ******* *** $** Wyze **** *** ***** *********** ***** lock ******:

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

*** ***** *************** ** ****'* **** are ******* ********* ** ***** ********, specifically:

  • ******:**** ******* *** * ****** ******* either ********** ** ********** *********, ********** to ******, *******, *** **** *****.
  • ****** ******: ***** **** ** ******* **** locks ******** *** *** ******** ** done *** ****-** *******, *** **** implementation **** ***** ****** ***.
  • '****-******': ****** *** **** ****** *** proximity ** ***** *** ************* ****** the **** ** ******* ** **** other ***** *** ** *** * 'differentiator' ** **** *****.
  • **** ******** ******: ***** **** ****** **** *** other ********, **** ******** ** ******** in ********* ********** *****, *** ***** * ***** ******** to *** ****** ** *** ********* to ****.

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

**** *** *** ****** **** ****, so ** ****** ******** *** **** and ******** *** ******* ********. *******, even ** **** *********** *** *********** match *** ******, **** **** **** be ****************, *** ********** **** *********, compared ** ***********.

Channel **** *****

******* *** **** **** *** ***** lock ** ************* ******** ** **** features *** *******, ** ** ****** a ***** *********** *********** *** ****. The ******* *** ******** ** *********, many ** **** *** **** *** will ****** ***** ***** ** **** from ******* ** ***** ***** ** take ********* ** * ****** *** / ****** **********.

IPVM Image

** **** ***, **** ** * similar ******** **** **** ******* **** used *** *****, **** ***** ** Google **** ** ****, ***. ***** Wyze **** *** ******* ***** *****, they *** **** ****** ******* ********* existing **** ****** ***** ** ****** smart **** ****.

Comments (12)
UI
Undisclosed Integrator #1
Dec 06, 2019

********** ** *** *** ***** ****** stand ** ******* * ****** ******?

(1)
(1)
SD
Shannon Davis
Dec 06, 2019
IPVMU Certified

* **** *** ** *****. * will ****** ***** * ******* ****.

(1)
(2)
UM
Undisclosed Manufacturer #2
Dec 06, 2019

*****, * ***** ** ******** **** company **** ****** **** ** ****** the **** "******" ** ******* *****. Couldn't **** ******** ******** ***** ****.

* *** **** ******* ** ** a ******** ** "****** *****" ??

(2)
Avatar
Ethan Ace
Dec 06, 2019

******'* *******, ***** **** ** * *** minutes ** ****, **** **** *** based ** *********, *** * ***** of******* ****, ***** **** ******* *****. *** sure ** ****** ** ****** ** or ** *****'* * ************ ******* the ******. * *****'* ****** ** it *** ****.

(4)
U
Undisclosed #3
Dec 06, 2019
IPVMU Certified

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

(2)
UM
Undisclosed Manufacturer #4
Dec 09, 2019

************, ** ***** ** ** * knock-off ** ******. *** ***** ******** mimick *** ****** ****** ** **** way, *****, ** ****-****.

*** ****...**** ** ****** *** **** squared/rectangular. **** *** ****** *** **** insert ***** (******* ** *******) **** is **** ** ***** *** ***** lock ** *** ****** ****/***** **** side. **** (*****-**** ****) ***** *** same ****** *******. **** **** *** same ******* **** *** ********/******** ******. They **** **** *** "******" ******...****** calls ** *** "******* ******," **** calls ** *** "**** ******". **** also **** * **** ******** ******, JUST **** ******! ********** ** **** a ******* ****, ********?

(1)
Avatar
Brian Rhodes
Dec 16, 2019
IPVMU Certified

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

**** **** **** ******* ****** ****'** missed *** ******** **** **** *** Wyze **** ***** *** ****:

** *** ********** **** ** **** and *** ******* ** *** ******* situation *** *** ***** ****** (*** bank *** ******* **** ******* *** this *** ******* *****).

(1)
Avatar
Brian Rhodes
Dec 17, 2019
IPVMU Certified

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

** * ******-** ******, **** **** us **** **** ****** *** '*****' lock ********. ** ****** ** * 'help' ****** ********** **.

SD
Shannon Davis
Jan 09, 2020
IPVMU Certified

**** **** ** **** *****. ******* to ****** ** *** **** *** or ***. **** *********** ** *** how ********* ** ** **** *** deadbolt *** *** ******* *** **** has. * **** **** ****** **** to **** *** **** ** *** plate ** *** **** ***** ** the **** **** ** **** ** move *** ******** **** ********. ****** door * **** ********** ** ***.

(1)
Avatar
Ethan Ace
Jan 09, 2020

*'* ******* ***** *** ********, ** well. * ******** ******** ******* *-**** bolts ** ** ***** **** ******* (which ** ****, ****** *****) *** discovered *** ******* **** ****** ******* bolts, ** **** ********* ****** *** reduced. ******* ** **** **** *** top:

**** ** * ******* *********** **** the ********. ** ***** **** **** used ** ******** ******* **'* *** and *** ** ********* *** *'* not ****** ** **** * *** year *** **** *** *** ****** to *** ** ******. **** *** tapered ****, ** *******. ********* **** longer, ** ****, ******* ** *****'* have ** ***** ** ****.

*'* ********** ** *** *** **** a $** **** ****.

(2)
SD
Shannon Davis
Jan 09, 2020
IPVMU Certified

****** ***** *** * *** **** to ***** **** **** *****. 😉 Mine ** ** ***** ***. ******** that ***** *** ****. ******* **** my **** ** ** * ***'* through *** ******** **** *** ******* stripping *****'* **** ****. * ***** just *** * *** **** *** together *** **** *** $** **** will **** **** $****. * **** know **** *******. ****** *** *** input.

SD
Shannon Davis
Jan 09, 2020
IPVMU Certified

***** *** *** *** *** ******* bolt ** ***** **** ******?