Smartphone sales will double with introduction of 'Pixel 3a', and Google's parent company Alphabet announces 2Q 2019 results
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On July 25, 2019, Alphabet, which is owned by Google, announced its financial results for the second quarter of 2019 (April-June). The Alphabet as a whole and its subsidiary Google are showing significant growth compared to the previous year, and the strength of Google is due to the success of the smartphone business, The Verge says.
GOOG Exhibit 99.1 Q2 2019-2019Q2_alphabet_earnings_release.pdf
(PDF file) https://abc.xyz/investor/static/pdf/2019Q2_alphabet_earnings_release.pdf
Cheaper Pixel 3A helped Google sell twice as many smartphones last quarter-The Verge
Total Alphabet revenue reached $ 38,944 million (about 4.2 trillion yen) more than analysts expected, and net income was $ 9,947 million (about 1.7 trillion yen). Sales are significantly higher than the second quarter of 2018, and overall the Alphabet looks very strong.
At the same time, the financial results for Google were also announced, and advertising revenue was $ 32.6 billion (about 3.5 trillion yen), exceeding the $ 28.07 billion in the previous year (about 3.2 trillion yen), It has increased by about 16% compared to the fiscal year. Among other things, The Verge is paying attention to “Other sales”, and other sales were $ 4.425 billion (approximately ¥ 480 billion) from the same period last year at $ 6.181 billion (approximately ¥ 660 billion). Increase to yen). It shows a whopping 40% growth.
Other sales included hardware divisions such as smartphones and smart home devices, or the cloud computing business. In conjunction with the increase in other sales, Google's Thunder Pichai said, “With the release of Pixel 3a in May, the total number of Pixel series sold in the second quarter has doubled year-on-year compared to the previous year.” And comments. The strong performance of Pixel 3a, which was released as a low priced version of the Pixel series, is said to be a major boost to other sales growth. The Verge pointed out that this statement is also worth noting, as Google has never specifically announced sales for the Pixel series.
On the other hand, Google does not disclose the breakdown of other sales, so it is unclear how much the smartphone business actually played a part in the 40% increase in sales compared with the previous year. The Verge expects not only the strength of Pixel 3a, but also the cloud computing business to have made a significant contribution to sales growth.
Google has already released the official image of Pixel 4 and is expected to be released in the fall of 2019. It is clear that we will continue to focus on the smartphone business in the future.
Google suddenly released the official image of 'Pixel 4'-GIGAZINE
However, not all Google is doing well in all of its businesses, and in the 'other bets' category, it has lost $ 989 million (about 107 billion yen). This category includes the X Lab , a self-driving car, and Project Loon, which provides Wi-Fi in the stratosphere by flying balloons into the stratosphere. Although the development of new business may develop into a large business, it seems to be easily lossy in nature.
Backwind on Google's 'Project Loon' Providing Internet in Balloons-GIGAZINE
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