It is not a stupid idea. Most companies cannot make too much money from designing/selling the hardware. On the other hand there is money to be made from the data collected from these IoTs and selling device management and updates as a service.
ARM is just not the right company to make that happen. They are fantastic at what they do but not software services, big data, etc
Do we really want every household item squirreling information back to the manufacturer about our personal habits? Exactly who stands to benefit from that? Consumers will lose a fortune and shun the technology.
Of course no one “wants” that. But let’s rewind 20 years ago and ask: “do we really want our telephones squirreling info back to the manufacturer about our personal habits?” Sounds equally absurd.
ARM is just not the right company to make that happen. They are fantastic at what they do but not software services, big data, etc