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SPYR Technologies Enters Apple HomeKit-Enabled Devices Market:

SPYR Technologies Enters Apple HomeKit-Enabled Devices Market – In late October of 2020 SPYR, a company specializing in the acquisition of targeted technology companies took over Applied MagiX. Applied MagiX is a registered Apple developer and reseller of Apple products. It is able to produce and sale products that work on the Apple ecosystem, which makes it a great acquisition for SPYR. As they can now enter the Apple ecosystem market, which is highly sought after.

SPYR Technologies Enters Apple HomeKit-Enabled Devices Market – IoT Market:

With the acquisition of Applied MagiX, SPYR can now enter the IoT device market. More specifically, the

market related to the sale, purchase, and production of systems built on the Apple HomeKit Framework. And the devices built on this framework are a part of the Apple ecosystem and can connect and communicate with other Apple devices. The products developed using this framework are exclusive to the Apple market and its consumers. Moreover, the leadership of Applied MagiX bring with them a ton of leading experience in the development of Apply products. This will allow SPYR to offer a range of innovative, connected devices that can be controlled through the Home app on Apple devices.

SPYR Technologies Enters Apple HomeKit-Enabled Devices Market – Apple Products:

The leadership at Applied MagiX brings a lot of experience to SPYR. And with their Apple Developer License, they can produce and sale products tat are a part of the Apple ecosystem. Moreover, the IoT home devices market has been flourishing greatly. With the acquisition of Applied MagiX, SPYR put themselves in a key position in the market. Other than this, the expertise from the leadership of Applied MagiX will only serve to improve the operations of SPYR. The company will be able to produce for the Apple ecosystem market which will drive the revenue of SPYR even more. James R Thompson, the President and CEO of SPYR said the following about the acquisition, “We are excited to have Applied MagiX under the SPYR umbrella. Applied MagiX represents the direction in which we see SPYR going and this targeted acquisition is just the beginning for SPYR’s growth and expansion in the technology industry. With the help of Dr. Zink and his team, we see a bright and prosperous future ahead for SPYR and its shareholders.”

SPYR Technologies Enters Apple HomeKit-Enabled Devices Market – Conclusion:

The acquisition of Applied MagiX is only the first step in the broad strategy that SPYR are implementing. Other than this they are in the process of diversifying the products they produce and enter new markets. Moreover, with the addition of HomeKit enabled devices to their lineup, SPYR are well positioned. This way they can capitalize on the growing demand of home technology and establish themselves as a leading player in the industry.

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