Android
Steve Ballmer couldn’t be the only one that got Google’s Android business concept wrong initially. I will be curious if a company that I invested in said: We built this great software, we continue to support it, and it is free for everyone to use including big multi-billion dollars companies. But if you know the company is Google you know there is a bigger plan hidden somewhere.
Steve Ballmer had this to say about Google’s plans for Android:
“I don’t really understand their strategy. Maybe somebody else does. If I went to my shareholder meeting, my analyst meeting, and said, ‘hey, we’ve just launched a new product that has no revenue model!’…I’m not sure that my investors would take that very well. But that’s kind of what Google’s telling their investors about Android.”
Google’s third quarter results was spectacular on all fronts. But what may have been the brightest spot is its soaring revenue from Android, which if extrapolated over an entire year, would already reach $1 billion.
During a conference call about the earnings, Google CEO Eric Schmidt made clear that Android is at the centerpiece of Google’s future:
“Android is much bigger than I could ever have hoped for. Android can become a hugely profitable business for us. Search on mobile will eventually exceed that of PCs…so, eventually, mobile will be a very, very strong revenue stream in comparison to PCs.”
This is in line with what Schmidt has been saying for some time. He expects Android revenue to reach $10 billion a year, driven not just by mobile advertising, but by other services such as selling music and videos.
[via Computerworld]
[...] settlements. Android is here to stay, as it’s becoming a big source of revenue for Google, raking in $1 billion a year already. Share and [...]