Google reported its latest financials yesterday, with $14.1bn in revenues (up 19% year-on-year) and a net profit of $3.2bn (up 15.8%). However, the company’s stock dropped following the announcement, with analysts suggesting that Google’s advertising business isn’t making as much from rocketing smartphone and tablet use as they’d hoped. CEO Larry Page was bullish, though. “The shift from laptop to mobiles, from on screen to multiple screens, create a tremendous opportunity for Google,” he said. “With more devices, more information and more activity online than ever, the potential to improve people’s lives is immense.” Page also flagged up Android’s growth: more than 900m devices activated so far, more than 1.5m more every day, and more than 50bn Android apps downloaded from the Google Play store – a milestone also reached by Apple’s App Store a few weeks ago. “In fact, we already paid out more money to Android developers this year than in the whole of 2012,” said Page, without saying how much that was. There were also no numbers for the recently-launched Google Play Music All Access streaming service, while YouTube didn’t get much of a mention in Google’s earnings call either, although SVP and chief business officer Nikesh Arora did say that “Youtube’s mobile revenue in June of this year was three times what it was at the beginning of the year”.
Tools: platforms to help you reach new audiences
Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…