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.

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

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

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

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

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

IPVM Image

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

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

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

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

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

IPVM Image

**** **** ***** ********, 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.

IPVM Image

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

Comments (12)

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

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

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

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

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

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

************, ** ***** ** 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, ********?

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

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

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

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

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

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

*'* ******* ***** *** 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 ****.

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

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

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