NetworkNewsBreaks – SPYR Inc.’s (SPYR) Applied

NetworkNewsBreaks – SPYR Inc.’s (SPYR) Applied Magix Subsidiary Addressing Key Problem Facing Target Consumer Market

SPYR (OTCQB: SPYR) intends to capitalize on the burgeoning trend within the smart home products segment through its Applied Magix subsidiary. This tech company plans to develop and resell Apple-compatible products with an emphasis on the growing, multibillion-dollar internet of things (“IoT”) smart home and connected car markets. “In 2020, SPYR acquired Applied Magix Inc., a registered Apple developer and reseller of Apple-ecosystem-compatible products, to enter the global IoT market, initially through the development, manufacture and sale of devices and accessories specifically built on Apple’s HomeKit framework,” a recent article reads. “By focusing on creating smart hardware and software solutions exclusively for Apple consumers, SPYR’s Applied Magix subsidiary is addressing a key problem faced by the Apple consumer market — having a relatively limited selection of smart devices that integrate with Apple’s HomeKit, despite the target market’s relative affluence and desire to purchase Apple-branded products. Applied Magix has concentrated its initial foray into the Apple HomeKit and CarPlay connected car ecosystems of five key consumer products — the MagixDrive Wireless CarPlay adapter; the HomeKit Secure Video Camera with iCloud Storage; the Multipurpose Sensor with Alarm; the Environment and Motion Sensor; and the Window and Door Contact Sensor.”

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