EL7.AI
StocksMedium•7 October 2026•
1 min read

Smart Home Stocks Slump as Apple Plans Hardware Push with LG Electronics

Key Facts

1Apple is developing a range of smart home products including cameras, doorbells, and thermostats in partnership with LG Electronics.
2Shares of smart home companies including Arlo Technologies, Allegion, and Alarm.com fell following reports of Apple's sector expansion.

Apple is developing a range of smart home products including cameras, doorbells, and thermostats in partnership with LG Electronics. Bloomberg reported that the tech giant aims to leverage its ecosystem to challenge incumbents Amazon and Google in the hardware space. Following these reports, shares of smart home specialists including Arlo Technologies, Allegion, and Alarm.com fell as investors weighed the impact of Apple's sector expansion.

Apple (AAPL) was trading at $336.1 on October 7, 2026, while competitors saw broad declines in the previous session. Arlo Technologies (ARLO) closed at $12.8 and Allegion (ALLE) closed at $155.2 on October 6, 2026. On the same date, Alarm.com (ALRM) closed at $56.11, Carrier Global (CARR) at $56.1, and Legrand (LGRDY) at $33.25, while Amazon (AMZN) and Alphabet (GOOGL) finished at $256.29 and $347.68 respectively.