Apple starts selling smart locks for homes that are compatible with personal devices

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Yahoo Finance Live checks out Apple's venture into the home security industry as the iPhone developer begins selling smart locks for homes.

Video Transcript

DAVE BRIGGS: Apple is opening doors to how your phone can be used to get in your home literally. The tech giant has teamed up with Level on a door lock that uses Apple Home Key. You just tap your iPhone or Apple Watch against the lock to lock or unlock it. You can also text keys to people that you want to let into your home when you're not there. The $329 Level Lock+ is the first home key supported lock that's being sold in Apple stores.

Apple shares currently trading up, just over 2%. As fantastic as this is in terms of a luxury, it is a little bit terrifying. I know real estate agents already have something similar, but just being able to-- the fear of someone be able to hack your phone and get in your home terrifies me a bit.

SEANA SMITH: Or if you lose your phone and it's not locked--

DAVE BRIGGS: Or if you lose your phone.

SEANA SMITH: --then, of course, there's a security risk there. As someone who routinely locks herself out and always forgets the keys, I am a big proponent of this. And I think it sounds like a great idea. I do, though--

DAVE BRIGGS: You don't have any fear?

SEANA SMITH: There are some fears out there. I think I need to learn a little bit more exactly about what happens if you do lose your phone, how long that key stays active if you were to send it to somebody so they could access your house, whether it's like a five-minute thing or--

DAVE BRIGGS: It's inevitable.

SEANA SMITH: --an hour thing.

DAVE BRIGGS: This is the future.

SEANA SMITH: It is, yeah.

DAVE BRIGGS: It's real scary.

SEANA SMITH: I'm excited about it.

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