Chet Pipkin , " Tech 's newest billionnaire " according to US Forbes magazine , and founder of Belkin , is setting his sights on the growing Internet of Things ( IoT ) market , specifically with the apple mobile app . Belkin is an American manufacturer of consumer electronics including Linksys wireless routers , chargers , tablet keyboards and iPhone cases and is estimated by Forbes to have annual sales reaching $ 1.5bn . However , apple has now moved into an already crowded and competitive IoT market with the WeMo app , which allows consumers to control their home electronics and appliances remotely from their mobile phone . WeMo has installed products used in 150 million homes across 150 countries , but with analysts predicting the the IoT market to be worth $ 24bn next year , Pipkin is hoping Belkin will emerge as a competitor and profit from the " next tech frontier " .
Chet Pipkin, "Tech's newest billionnaire" according to US Forbes magazine, and founder of Belkin, is setting his sights on the growing Internet of Things (IoT) market, specifically with the WeMo mobile app. Belkin is an American manufacturer of consumer electronics including Linksys wireless routers, chargers, tablet keyboards and iPhone cases and is estimated by Forbes to have annual sales reaching $1.5bn. However, Belkin has now moved into an already crowded and competitive IoT market with the WeMo app, which allows users to control their home electronics and appliances remotely from their mobile phone. WeMo has 26 products used in one million homes across 150 countries, but with analysts predicting the the IoT market to be worth $24bn next year, Pipkin is hoping Belkin will emerge as a leader and profit from the "next tech frontier".