/// Google’s $8 Billion Mobile Business Comes With Caveats

October 18, 2012  |  All Things Digital


iStockphoto | maybefalse The first news nugget from Google’s earnings call today: The company says it’s now on pace to generate $8 billion a year from mobile, up from $2.5 billion a year ago. Big jump! But there’s a catch: Last year’s number was solely from mobile advertising. This year’s number includes mobile ads along with gross revenues from media sold through the company’s Google Play store, as well as the gross revenues from app sales. So: Big number, but unless Google wants to break it down, hard to tell how meaningful it is. [UPDATE: Later in the call, CFO Patrick Pichette tells analysts the "vast majority" of that $8 billion comes from ads.]

Go here to read the rest:
Google’s $8 Billion Mobile Business Comes With Caveats


newEngagebanner

Leave a Reply