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Apple working on iPad-like display for controlling smart home devices

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Apple is reportedly working on a new iPad-like display that will be used for smart home management purposes.
According to Bloomberg, the new device will be a sort of low-end iPad which can be used for controlling HomeKit devices, streaming video, FaceTime calls and much more, reports MacRumors.
It is expected to be more integrated into the home than an iPad because it is designed to be mounted to walls or other objects using magnetic fasteners.

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