NetworkNewsBreaks – SPYR Inc. (SPYR) Positioned
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SPYR’s (OTCQB: SPYR) wholly owned subsidiary, Applied Magix Inc., develops and resells Apple(R) ecosystem compatible products. This positions the company to take advantage of significant growth potential for Apple’s smart home device segment, represented by the variance between the number of consumers who have owned an Apple product and those who have owned a smart home device. “Acquired in October 2020, just a few months after Apple’s WWDC, Applied Magix is a registered Apple developer and reseller of Apple ecosystem compatible products targeting the burgeoning multibillion-dollar smart home market,” notes a recent article. “Applied Magix sources white-label HomeKit products and accessories from manufacturers and selects the best-in-class products that it then sells and offers support services such as software updates. The subsidiary’s goal, however, is to eventually develop, manufacture and sell its own line of branded products that are based on Apple’s framework… In the meantime, Applied Magix offers the MagixDrive Wireless CarPlay Adapter, the HomeKit Secure Video Camera with iCloud Storage, the Multipurpose Sensor with Alarm, the Environment and Motion Sensor, the Window and Door Contact Sensor, and the newly introduced MagixBlock USB DataBlocker.”
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