Seattle-area smart-home device maker Wyze Labs and Amazon-owned Ring, among others, could be set to face new competition in the home security camera market from Apple.

Apple is set to expand its smart home presence, according to Ming-Chi Kuo. The well-sourced analyst reported on Tuesday that the iPhone maker is working

Analyst Ming-Chi Kuo has a long track record of revealing Apple's plans and in a new post on Medium, he writes that the company is "making its first foray into the smart home IP camera market". He also predicts that the first devices will be launched in two years time.