Spint and T-Mobile showed their hand earlier this week. Verizon’s isn’t looking good but they do have more LTE than everyone else combined so good things come to those who wait.
Google released its earnings report from Q1 2013 today.
Notably, Google’s consolidated revenues increased 31% over Q1 2013 with $14 billion gross income.
“We had a very strong start to 2013, with $14.0 billion in revenue, up 31% year-on-year,” said Larry Page, CEO of Google. “We are working hard and investing in our products that aim to improve billions of people’s lives all around the world.”
Google reported $3.35 billion net revenue, which is nearly half a billion up from $2.89 billion during the same quarter last year.
The company reports $50 billion in the back at the end of Q1 2013.
Cash – As of March 31, 2013, cash, cash equivalents, and marketable securities were $50.1 billion.
The company’s effective tax rate came in low at 8% following a tax credit mandated by legislature in Congress.
Income Taxes – Our effective tax rate was 8% for the first quarter of 2013.
Google CEO Larry Page mentioned during the conference call to investors that the company’s opportunities primarily exist in Chrome, YouTube, and Android, in that order. It believes more “connected TV’s” will allow the company to directly connect with consumers via relevant advertising more easily.
The company had praise for its marketing team, citing doubling its retail foot print thanks to more availability of its Chromebook in Best Buy.
Google discussed its success with commercial advertising via YouTube, announcing 325,000 Super Bowls worth of ads have been consumed.
When asked about Andy Rubin’s responsibilities after being pulled from heading Android, Larry Page reiterated that the company has yet to make that announcement and had no plans to make news in that regard today.
Regarding Glass, Larry Page admitted the price tag for early adopters is certainly high, but stepped short of calling it a luxury price and stated the company wasn’t prepared to announce a consumer price tag.
Press release below:
“Some of the new features:
* A new, conversation-based UI
* Advanced group conversations
* Send pictures
* Improved notifications across devices.”
That sounds a lot like Hipchat, our group messaging platform of choice around the office here. There is also some code that indicates that you can switch between the new Babel interface and the current one but that might be a temporary measure to let people transfer at their own pace.
With Babel already starting to show itself, is it possible that Google expects to hold on this one for another month until I/O or will we see it sooner? Read more
Google will add Provo, Utah, to the list of cities set to receive its ultra high speed Google Fiber Internet service.
Austin, Texas was revealed earlier this month to be joining Kansas City as host to Google Fiber.
The announcement by Provo Mayor John Curtis will be live streamed at 3:30 PM EST.
MLB.com digital head Bob Bowman told AllThingsD that they were slowly picking up Android users – up from 20% two years ago to 30% today – but that iOS users still spend more.
The site offers a free app with a choice of paid subscriptions, at $19.99/month and $24.99/month. Bowman said that the majority of paid sign-ups came from iOS users … Read more
We brought you the best quotes here:
Check out the full video via AllthingsD Read more
Since acquiring Motorola for $13 billion last May, Google has been expected to launch a Motorola smartphone running stock Android, but the most recent Google-branded Nexus 4 device was made in partnership with LG.
Motorola’s design chief Jim Wicks tells PC Mag, though, that Google and Motorola have been working closely during that time on multiple devices running stock Android with less overlay that we should expect later this year.
Tiger Direct slashes the price of the original 1080P smartphone, the Droid DNA. We reviewed the DNA and loved loved loved its amazing 5-inch 1080P display.
It appears that Google Glass Explorers should soon be getting their Glass units. AnandTech’s Brian Klug got the following announcement.