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GOOG Company Stories March 15
It was reported yesterday that the French government is taking both Apple and Google to court over alleged “abusive trade practices.” Specifically, the government claims that neither Apple nor Google treat their developers fairly, citing factors such as non-negotiable commissions and contract terms.
Today, both Google and Apple have commented on the accusations made by French Finance Minister Bruno Le Maire…
Deal: Get Pixelbook at 25% off: $750!
GOOG Company Stories January 25
GOOG Company Stories April 18, 2013
Google is heading toward 1 Billion Android users and two million in the next few years. Imagine if Google could harness a few tenths of a percent of that to give to charity. That’s the idea behind the One Today project. It’s a social giving project which is invite only at the moment but one ramped would seem to have a powerful affect on giving, if Google can get people involved. expand full story
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:
Facebook launches SDK 3.5, Share Dialog, over 70% of top Android apps/games include Facebook integration
Facebook announced updates regarding mobile today at its Mobile Developer Conference in New York City continuing its effort to transition to a mobile-first platform.
Changes include an improved experience with Facebook Login, easier implementation of Open Graph on mobile, a new Object API and Object Browser, a native Share Dialog and Facebook SDK 3.5.
The new Share Dialog allows users in non-Facebook apps to share directly to Facebook without leaving the app.
Facebook says its permissions dialog is 20% faster now.
The social network is encouraging mobile developers to integrate Facebook into their apps as it announced that 70% of the top grossing 100 Android apps already integrate with Facebook.