Apple CEO Tim Cook introduces Apple's new iPad during an event at Lane Tech College Prep High School on March 27, 2018 in Chicago, Illinois.
Apple CEO Tim Cook might be making a bet on cheaper iPads that serve as smart home devices.
  • Apple is casting about for another big bet that can help it grow beyond its core iPhone business.
  • One smaller bet it's reportedly considering: taking its existing iPads and tweaking them.
  • The idea is to make the devices cheaper smart home hubs.

Apple isn't going to make a supercar, after all. Its Vision Pro headset is a cool curiosity searching for a killer app. And you already have an iPhone.