During Google’s financial call today, which we have full coverage of in our liveblog, CEO Larry Page revealed that Google’s run rate for mobile is now at $8 billion. That is quite the increase from the $2.5 billion it announced last year:
This time last year I announced that our run-rate for mobile advertising hit $2.5 billion. That seemed like a pretty big number — even for Google. Now we have built up additional mobile revenue from users paying for content and apps in Google Play. Including these new sources grossed up, I can announce our new run-rate for mobile is now over $8 billion. That’s quite a business
However, CFO Patrick Pichette added that its run rate for the quarter also included ads and Google Play content revenue. Not surprisingly, the company noted the majority of that $8 billion figure comes mostly from ads. During the call, Page also confirmed there are still roughly 1.3 million Android activations daily: Expand Expanding Close
Beginning at 4:30PM EST, we’ll be getting the full break-down of Google’s earnings for the third fiscal quarter. In an odd turn of events, Google released its earnings early this afternoon due to a screwup with its SEC filing. The screwup caused Google to close down its stock for the better part of the afternoon, causing a steep drop. Google may discuss the situation on the call… stay tuned after the break:
Google’s Director of Product Management, Hunter Walk, who works specifically on YouTube, just gave Bloomberg a brief insight into his latest project made possible by the company’s famous 20 percent time.
Walk manages roughly a dozen engineers at YouTube, but he also utilizes Google’s 20 percent time—a time Google freely allots to employees every week for side projects— to mold YouTube into a platform for social causes and change, and not just a resource for endless cat videos.
“There is a real desire for YouTube to be a global classroom and a global town square, not just a global living room,” said Walker to Bloomberg in an interview.
Over the past year, Walk has been quietly evangelizing within Google for his initiative called YouTube for Good. He has convinced about a fifth of YouTube’s 1,000 or so employees, as well as some from Google’s headquarters in Mountain View, California, to set aside a chunk of their time to build online tools used by organizations including the United Nations World Food Program and Charity: Water.
YouTube for Good also made it possible to live stream last year’s AIDS symposium by the ONE Campaign, and it developed innovative tools like automatic face blurring to protect protest activists in YouTube videos. Aside from YouTube for Good, Google Reader, Gmail, and Google News are a few of the many successful side projects created with Google’s 20 percent time program.
The new Chromebook is a great computer at any price, but it’s an incredible computer at $249. It’s one of the lightest laptops on the market. You can easily carry it around all day—it’s 2.5 pounds, a mere 0.8 inches thick, with more than 6 hours of battery life for the typical user. And with 100 GB of free storage on Google Drive*, you can get to all of your stuff anytime, anywhere.
Even with its compact design, it’s packed with performance—it boots up in less than 10 seconds and resumes instantly. High-resolution videos (in 1080p) are beautiful to watch and when using the touchpad, you’ll notice smooth scrolling due to a hardware-accelerated user interface. And as you‘d expect from a Chromebook, it’s easy to share with others. Everyone—mom, dad, grandparents, tech lovers, tech haters—can have separate accounts where all of their stuff is kept safe. Finally, if you’re an active Google user of products like Gmail, Drive, Search, Maps, YouTube, Play or Google+ Hangouts, everything just works seamlessly.
The new Chromebook weighs a little less than 2.5 pounds, but it boasts the same 6.5-hour battery life. The screen, however, is 0.5-inches smaller with a 1,366-by-768-pixel resolution. The most notable difference in Google’s thinner Chromebook is the Samsung Exynos 5250 dual-core processor inside, and it features a Cortex-A15 chip that reportedly runs 1080p video and ChromeOS pretty well. GigaOm’s Kevin C. Tofel even noted the overall performance is “comparable to the Intel-powered Chromebook I have, but perhaps a half-step behind; at least in my few hours of using the device.”
This is finally a compelling offer at $249—as long as the hardware is fast. It looks like a base-line MacBook Air (and will surely draw criticism for that) for a quarter of the price. Again, so long as it performs, I don’t think Google will have a problem selling them to its intended audience: grandparents, kids, and as second or third computers for those who are heavy Google service users, and companies that need cheap mobile workstations.
Update: More reviews are starting to come in and unfortunately many are complaining about slowness. Not surprising for a $249 machine but clearly not for power users.
It looks like Google’s Q3 earnings have been released early with The Wall Street Journal reporting Google posted revenue of $14.1 billion and a net of $2.18 billion. A summary of the company’s earnings report from a U.S. Securities and Exchange Commission filing is below. In the report, we see Motorola accounted for 18 percent of consolidated revenues. It brought in $2.58 billion, while reporting a $527 million operating loss. Of that $527 million operating loss, $505 million comes from Motorola’s mobile segment and $22 million from its home business. Google reported cash, cash equivalents, and short-term marketable securities at $45.7 billion as of Sept. 30 and operating income of $3.26 billion.
As highlighted in the screenshot above, Google is down almost 10 percent following the news. Google made a statement on what happened with the early filing (via Business Insider):
“Earlier this morning RR Donnelley, the financial printer, informed us that they had filed our draft 8K earnings statement without authorization. We have ceased trading on NASDAQ while we work to finalize the document. Once it’s finalized we will release our earnings, resume trading on NASDAQ and hold our earnings call as normal at 1:30 PM PT.”
Google is scheduled to announce earnings later today at 4:30 p.m. EST.
Q3 Financial Summary Google Inc. reported consolidated revenues of $14.10 billion for the quarter ended September 30, 2012, an increase of 45% compared to the third quarter of 2011. Google Inc. reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the third quarter of 2012, TAC totaled $2.77 billion, or 26% of advertising revenues. Operating income, operating margin, net income, and earnings per share (EPS) are reported on a GAAP and non-GAAP basis. The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures at the end of this release.
Use Google Calendar to mange your day-to-day? You’re in luck, as Google has released an official Google Calendar for Android app on Google Play this evening, allowing users to keep track of their calendar right from their Android device. The app (which at one time was exclusive to the Galaxy Nexus and Nexus S) features that ability to create, edit, and delete events, view calendars (including non-Google) in one spot, and quickly email related people to event with a customizable message. Google Calendar is available for Android 4.0.3 devices or higher. Google does warn that there are some issues with HTC devices: [Google Play via Official Android]
Google has apparently added the option to “Buy Google Play Credit” on the Play Store’s web version, so U.S. customers can now go to the bottom of the store to purchase credits in increment starting at $5:
There does not seem to be a choice for gifting credits, but that will feature will likely surface down the road—along with availability in other countries.
Google Wallet launched with free $10 prepaid cards to welcome users to the mobile payments system, but the company later revealed that it would discontinue the complimentary gifts and issue refunds for remaining balances in October.
Well, the time has now come… and Google is keeping its promise. Folks need to complete Google’s refund form online to get their money. It asks for their Google Wallet device ID, name, phone number, and other sensitive details.
Refunds come via check or prepaid MasterCard. Google will not process the requests until after Oct. 30, however, so do not expect to receive the prepaid card for another 7 to 10 business days. Those who choose the alternative option will receive a check within eight weeks.
While we heard previously that Samsung was beginning to roll out Galaxy S III Jelly Bean updates in Poland, the carrier confirmed today users in the United States would see the update in the “coming months.” We still do not know exactly when to expect it, but Samsung said Verizon, T-Mobile, Sprint, and U.S. Cellular will announce specific timing for the over-the-air updates separately. We will of course notify you when they do. Samsung’s full press release is below.
This is not the first time we heard major Android vendors are aiming to hit lower price points in the months to come. With iPad mini expected to eat into a large chunk of the 7-inch tablet market, and recent price drops and refreshes to the Kindle lineups, it makes sense Google and other Android manufacturers are aiming to offer an even better value following its launch. Digitimes, despite not having the best track record, stated confidently in September, while citing its usual supply chain sources, that Google is planning a $99 Nexus 7 tablet. It also claimed an upgraded model would take over the $200 price point. This would seem to make sense with rumors of a 32GB Nexus 7 landing for under $250. Leaked retail inventory listings and even a unit that accidentally shipped have backed up those rumors.
Digitimes is once again claiming today that Google’s $99 Nexus tablet is real, adding that Taiwan-based manufacturers have confirmed it will launch in the fourth quarter of this year. Where this leaves the rest of the Nexus line is unclear. If the $99 tablet and 32GB Nexus for $250 are real, it could mean the $99 tablet comes with 8GB or 16 GB. There is also a chance Google keeps a tablet at the $199 price point. This would seem to point to a 8GB model at $99, 16GB model at $199, and 32GB model at $250. However, we are not quite buying the idea tht Google will offer an extra 16GB for only $50 more than a $199 16GB model…
Google is doing something today that it has never done before, allowing the public to go behind the scenes at its various data centers. They are the same data centers Greenpeace recently praised for its “comprehensive energy reduction plan.” It is also the machine behind the 20 billion web pages indexed per day, 3 billion daily searches, and free mail to 425 million Gmail users. Apart from a few journalists who actually received tours of the data center, the rest of us will be limited to a new website Google has just dubbed “Where the Internet Lives” (above we get an in-depth video tour from CBS News).
ISIS, a mobile payment partnership between AT&T, T-Mobile, and Verizon, has released its first app onto Google Play that was pushed back from the initial September plan. The app, ISIS Mobile Wallet, only works with the Galaxy S III and Galaxy Relay 4G on T-Mobile in Salt Lake City, Utah or Austin, and it requires a special SIM card courtesy of ISIS, as MobileBurn noted. T-Mobile and the ISIS have not announced anything specific about the app, but you can give it a test run over at Google Play.
There is no word if AT&T or Verizon will receive a similar app for its NFC-enabled devices. If you are wondering about the nation’s No. 3 carrier, Sprint is not apart of the ISIS. It is partnered with Google Wallet on many of its phones. Furthermore, Sprint is rumored to announce its own payment platform sometime in the future.
Yesterday, TmoNews reported that T-Mobile users would receive a $25 credit when signing up and the service will officially launch in a pilot program Oct. 22.
Google just published a new edition of Think Quarterly—its own online magazine geared toward Google partners and advertisers—called “The Open Issue“.
The informative publication, which touts “insights and outlooks on the digital future,” appears to have 10 new sections in the current issue with the following ‘Open’-related theme:
Open systems of information and technology have completely altered how we live and work, unleashing unlimited opportunities. In fact, there’s never been a more exciting time to be ‘open’ for business.
A few of the spotlighted features include interviews with Wiki’s Jimmy Wales, Google Idea’s Jared Cohen, and American Express’ Susan Sobott. Check out “The Open Issue” online or download the PDF.
We have heard a ton of rumors regarding a 32GB version of the Nexus 7. Earlier reports pointed to an Oct. 24 launch, and we even saw a 32GB unit allegedly ship to a customer in Japan. Today, the 32GB variant has once again appeared online—this time on the Staples Advantage website for business customers. AndroidPolice linked us to the listing that currently has the 32GB Nexus 7 listed for $250. It also has an availability date of Oct. 18, although, that could likely be just a placeholder at this point. The pricing is slightly less than the current 16GB model that Google is selling, indicating the 32GB model might replace the 16 entirely—including taking over its pricing.
Google has opened its Google search+ Gmail result beta further this afternoon so more users can get Gmail results in their main Google Search. The feature was first introduced in a limited beta in August. For those who do not know about the feature, relevant Gmail conversations will appear in Google Search (as you can see in the image above). Just search “Paris” and emails that you have sent talking about “Paris” will then appear. If you think about it, expanded search makes a lot of sense.
Furthermore, the folks at Google announced this afternoon that Google Drive, Google Calendar and more will now appear when searching in Gmail:
Google released an over-the-air update for the international version of the Galaxy Nexus late this afternoon, bringing the latest Android version 4.2.1 to users. We first got word of Android 4.1.2 when it was released to the Nexus 7 on the Android Open Source Project last week. The update is pretty minor, as it only offers the ability to open notifications with one finger and bug fixes. Additionally, the update was released for the Nexus S and Xoom Wi-Fi this afternoon.
For those who purchased the Galaxy Nexus on Google Play, do not worry. The folks in Mountain View are probably close to pushing out the update in the next few days. At any rate, if you are feeling adventurous, you can hop in this XDA Developers thread to install the update manually. [Phandroid]
A new report from tech website AllThingsD suggested Yahoo CEO Marissa Mayer is currently ramping up efforts to poach a key Google advertising executive, Henrique De Castro, for either a COO or lead ad role.
AllThingsD’s Kara Swisher, who cited “sources close to the situation” and “numerous sources,” noted De Castro’s silence to his staff on the matter is an indication that her reporting is spot-on:
In fact, after reports surfaced several months ago here and elsewhere that Mayer was interested in him, De Castro told his staff at Google that he was not leaving.
That does appear to be the case now, according to numerous sources.
This past week, De Castro canceled a major off-site for his employees and several attendees who know him well said he was not present at the company’s first night of its annual Zeitgeist event for advertising and publishing clients. The suave De Castro is usually a more noticeable fixture at such gatherings.
When reached last night, De Castro said he would be attending Zeitgeist, but declined to comment further.
While Mayer has not been very successful at luring executives from various tech companies, the report further mentioned Yahoo’s current revenue guru and former Googler, Michael Barret, is reportedly not planning to stay with his search company for the long term. De Castro and Barrett also allegedly do not have the best coworker relationship…
Google released a preview for all developers, as promised at Google I/O, showing off the update to the Google Play Developer Console—the website that allows developers of Android apps to manage them. A select amount of developers was able to preview it over the summer; and now, Google said in a blog post today every developer is able to try it out. The website has been updated with an overall speed increase and features an updated UI that is much easier to manage. “It’s bright and appealing to look at, easy to find your way around using navigation and search, and it loads quickly even if you have a lot of apps,” said Google.
Jared Polis, U.S. Representative for Colorado’s 2nd congressional district
U.S. Federal Trade Commission officials supposedly want to bring an antitrust case against Google due to complaints about it suppressing competition in the market, but Colorado Rep. Jared Polis cautioned the regulatory body in a letter last week that such a lawsuit would be a “woefully misguided step.”
Many Internet businesses, such as Yelp and Nextag, have criticized Google at open hearings in Congress, asserting Google unjustly applies its search dominance to give web sites lower-quality rankings in search results. The effect would essentially push Internet users toward Google products that provide similar services.
Google has continually rebuffed any wrongdoing, and the Vice President of Engineering Amit Singhal even came to his employer’s defense on the Google Public Policy Blog earlier this summer —in an aggressive tactic not usually taken by the Mountain View, Calif.-based company—to spearhead the rumor-mill accusations in a “claim vs. fact” format.
Democrat Polis specifically wrote in his letter that an anti-trust lawsuit by the FTC would “threaten the very integrity of our anti-trust system, and could ultimately lead to Congressional action resulting in a reduction in the ability of the FTC to enforce critical anti-trust protections in industries where markets are being distorted by monopolies or oligopolies.”
Political newspaper The Hill, which first reported on the letter, further noted that Polis said the market for online search remains adequately competitive despite antitrust complaints:
He noted that customers search Amazon for shopping results, iTunes for music and movies, Facebook for social networking and Yelp for local businesses.
“To even discuss applying anti-trust in this kind of hyper-competitive environment defies all logic and the very underpinnings of anti-trust law itself,” Polis wrote.
Google is sponsoring an upcoming hackathon by Hattery Labs that is awarding two grand prizes to innovators using Google Maps API.
The “Reroute/sf” hackathon runs from Oct. 19 to Oct. 21 at The Hattery, according to its Facebook page, and it aims to “improve transportation in San Francisco with technological innovation, and work with the City to make it real.” The three-day event essentially invites engineers, designers, and entrepreneurs to “make San Francisco a better place.”
The hackathon will host three challenges, i.e., “Collect the right data,” “Plan a trip anywhere – on-time,” “See what’s broken and watch it get fixed,” while senior representatives from the City of San Francisco and the technology community will determine who wins the following four prizes:
Best Innovation using Google Maps API | $7,500 Grant
Runner-up Innovation using Google Maps API | $2,500 Grant
Best Public Transit Innovation | $500 Clipper Card credit
Best Collaboration | 3 free General Assembly classes per team member
Aside from Google, the Hattery, the San Francisco Mayor’s Office, San Francisco Municipal Transportation Agency, Waze, Google Maps, and the General Assembly sponsor the hackathon. The Hattery is a collection of experts ranging from designers and engineers to investors and brand marketers, and some of their most notable collaborative work under Hattery Labs includes giving people clean water and helping Haitians rebuild schools through WellDone and Haiti School Project, respectively.
Little Nemo first appeared in the New York Herald on Oct. 15, 1905 as the protagonist kid of the “Little Nemo in Slumberland” comic strip, and Google is commemorating the tale’s 107th birthday today with an interactive doodle on the homepage.
Windsor McCay’s early 20th-century newspaper cartoon lasted nine years, while Little Nemo later inspired a slew of spin-offs such as the 1989 animated film “Little Nemo: Adventures in Slumberland” (YouTube video below).
Google’s visually breathtaking doodle transports Web surfers to the fanciful world of Slumberland. Folks can follow Nemo as he falls from his bed into a starlit-realm of dreams and continues tumbling for seven more panes until he ends up back in bed—tussled and amazed. It is certainly one of the search giant’s most stunning doodles ever.
LG might not be the only manufacturer to release a device sporting the pure Google experience and Nexus branding. Today, we get shots of a yet-to-be-announced Sony smartphone, posted by XperiaBlog (via The Verge), that looks to carry-on the design aesthetic of the company’s Xperia Ion hardware. Unfortunately, there are not any details to go along with the photos. However, we can see “Google” and Sony branding on the back of the device. According to XperiaBlog, the device in the image is called the “Sony Nexus X”. Oddly, there is no visible Xperia branding.
They could very well be fakes; but with LG, this would only make two of the five OEMs that The Wall Street Journal said would release Nexus devices with Jelly Bean. Others likely to join the Nexus device launch party include past Nexus makers Samsung and HTC. Unfortunately, there is a good chance the images above could just be a new Sony/Xperia device with a more stock Android experience. We will wait for a little bit more information before filing this as confirmation of a Nexus phone from Sony.
We have heard a lot about the much-rumored LG Nexus. From surfaced images and retail inventory listings, we expect the device to bear “LG Nexus 4” branding and launch sometime in the coming weeks. We also heard much about the device’s specs and design that—for the most part—seem to mirror the LG Optimus G. In case you just cannot wait for official details from Google and LG, Russian blog Onliner.by has a full, lengthy review of what it claimed is a “prototype LG Nexus 4”.
As for the specs published by Onliner, the device seems to confirm rumors that the LG Nexus 4 is largely based off the Optimus G. Inside the prototype unit, at least, is a quad-core Qualcomm Snapdragon S4 Pro processor, 2GB of RAM, and a 4.7-inch 1,280-by-720 IPS display. The device also measured in 1.5mm shorter than the Galaxy Nexus, but it is 1.3mm wider at 134 × 69,2 × 9,2 mm with a weight of 139 g.
The prototype unit reviewed was almost too buggy to review the software (Android 4.1.2), but we do get an excellent look at the physical design of the Nexus 4. A few things we noticed include a new micro SIM card tray, a green LED light on the lower bezel, chrome buttons, and headphone jack position at the top. The website also described the device’s textured back, saying it is “completely smooth” to the touch but extremely scratch proof. It stood up to a scratch test using a key.
