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Google’s earnings call kicked off moments ago, and we know you’re all dying to know: how did the internet search giant fare in Q4 2013? Let’s find out.
Google posted $16.86 billion in revenue in Q4 of last year, with $4 billion in income. Two thirds of Google’s revenue came from their sites, with $8.77 billion coming in from outside the US ($1.5 billion from the UK alone). Google’s chief financial officer Patrick Pichette shed some light on how the Play Store hardware sales helped drive their quarter-over-quarter growth saying, “Nexus 5 was very strong for us, and the Chromecast was a best seller all quarter.”
Even though Motorola managed to bring in $1.24 billion in gross revenue, they continued operating a loss, specifically to the tune of $384 million (an increase from the previous quarter’s $248 million). Suddenly, Google unloading Motorola’s dead weight is making a lot more sense.
Despite missing expectations, Google’s shares remained on the rise. Overall, Google’s 2013 was better than 2012 so things are still on the up and up.
I think that kind of debunks the killing of the Nexus right there. (I hope)
Market the Nexus phones like the Samsung Galaxy lime. Result: Massive sales because of good marketing and an excellent device at a crazy price (unless Google/LG really aren’t making (much) money on Nexus devices).
*line*
I don’t think they make much, but if they sold a lot they would.
Holy crap! I believe I speak for everyone.
I’m not surprised that Motorola was still making huge losses. This shouldn’t be a surprise to anyone really. It is not like the moto x was a top selling device or anything
The google CEO they hired did a shitty job. Google let this happen from the start. Probably due to pressure from Samsung. Should have went all in on moto. And all USA was going to be a great thing. I hope Microsoft and Nokia do something like that I’d go with them. I’ve been android since beginning. But they’re sell outs to China. Wanted patents to give to the Asian companies.