Google announces Q1 earnings: $15.42B revenue, $6.27 EPS, $3.45B net income

Google has shared its first quarter earnings result announcing consolidated revenue of $15.42 billion, up 19% since Q1 2013, earnings per share of $6.27, and net income of $3.45 billion. For comparison, analysts polled by Thomson Reuters predicted $15.58 billion in revenue at $6.33 a share.

“We completed another great quarter. Google’s revenue was $15.4 billion, up 19% year on year”, said Larry Page, CEO of Google.  “We got lots of product improvements done, especially on mobile. I’m also excited with progress on our emerging businesses.”

Today’s earnings report marks the first quarter since Google offloaded Motorola to Lenovo in a surprising exchange announced a day ahead of Google’s previous quarterly earnings report. That transaction is referenced below as “Net loss from discontinued operations.”

Google is scheduled to host its live earnings call with investors and analysts to discuss today’s report at 1:30 PM (PST) / 4:30 PM (EST).

Google’s full press release follows: Read more

Samsung touts its design philosophy with new website

Screen Shot 2014-04-16 at 10.40.06 AM

With a new website, Samsung is making a statement regarding its design philosophy. This comes amidst a large-scale patent battle with Apple in California where Samsung is accused of infringing Apple’s patents for iPhone and iOS design features. The new website explains that Samsung believes in “Balance of Reason and Feeling,” “Simplicity with Resonance,” and “Meaningful Innovation.”

Read more

Google’s modular Ara phones to go on public sale in Jan 2015 via configurator tool

ara

If you’re keen to get your hands on one of Google’s modular Ara phones, the bad news is you’re going to be waiting a while: the company has said at its first developer’s conference they won’t go on public sale until January of next year. You will, though, be able to configure your own phone using a Moto Maker style tool that will allow you to not only select your components but add customized colors and designs to them as you do …  Read more

Head of Android design Matias Duarte talks future of mobile, wearables

Matias Duarte — the man behind the design of every version of Android since Ice Cream Sandwich — recently took the stage with Joshua Topolsky of The Verge at the Accel Design Conference in San Francisco to participate in a fireside chat on topics ranging from Android, the future of mobile, design methodology, and wearables.

The video is available on Vimeo (via AndroidPolice), and includes 37 minutes of talk between the two. The beginning covers Duarte’s thoughts on design methodology, and he stresses that good design is always a middle ground between appearance, emotional appeal, and usability — perhaps a shot at iOS 7′s stark interface. Read more

Google X tried to conquer space elevators, hoverboards and teleportation

space-elevator

Over the years Google has produced some unbelievable products and the search giant shows no signs of slowing down. This has led to some heavy rumors claiming that the company’s super secret innovation lab, Google X has been working on a space elevator. As far-fetched as it may sound, guess what? It’s true! Well, sort of. Not only did Google kick around the idea of building a space elevator, it’s X lab also entertained the thought of building a hoverboard and the reality of teleportation. Recently, a group of members from Google’s hush-hush R&D group opened up to the folks at Fast Company about some the team’s wildest ideas.

Read more