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GOOG Up Despite Falling Market
Markets are off on the brutal ISM non-manufacturing number. Shares of GOOG are bucking the trend, up strong in a down tech tape. Investors continue look for Android momentum on smartphones and tablets and actually monetizing that operating system; clarity on the Motorola acquisition; regaining ground in China; the resurgence of Google TV; continued growth of YouTube; expansion of social network Google+; and progress in other initiatives (location-based services, mapping, Google Wallet, Google Music, etc.). The stock trades at approximately 11.0x Enterprise Value / EBIT.The Elephant Google Is Strapping To Its Back Had A Crappy Quarter (Business Insider)
The good news is Motorola beat analyst expectations, booking about $3.08 billion in revenue. It also grew sales 2% from last year, probably thanks to the introduction of the Raxr Maxx on Verizon. The bad news is that it still looks like a pretty crummy business. The mobile phone business lost $121 million and the company is missing out on both the smartphone explosion as well as the tablet market. Fortunately for Google, investors seem to have priced Motorola’s mediocrity into its stock price.
Yelp Points Out That Mobile Apps Cut Out Google (Business Insider)
Mobile is the fastest growing segment of Internet users. And when users download an app, they no longer need Google to find what they’re looking for. Yelp likes that trend. Yelp is tiny compared with Google. But the same story is being repeated with every single consumer web company out there. They all have apps. And as users move more and more toward smartphones, they’re more likely to use those apps instead of searching for the company Google.
NPD Data Doesn’t Take Into Account Enterprise And Other Factors (Business Insider)
According to NPD, Android was the best selling smartphone operating system in the first quarter, grabbing 61% of the market. Apple’s iOS was in second, according to NPD, with 29% of the market. However, there’s a big problem with this data. It runs contrary to what the carriers themselves are actually reporting. If you total it all up, Apple had 63% of the smartphone market on the three big carriers. Ross Rubin, executive director for Connected Intelligence at NPD, said the data is based on surveying consumers, sell-through and excludes enterprise.
The Google+ Desperation Is Starting To Annoy People (GigaOM)
Is promoting Google+ worth it? Google+ content is being incorporated into search results and other services. But these attempts have also meant an almost inevitable clash between what Google wants and what users want. Wil Wheaton’s recent outrage wasn’t driven by the actor’s desire not to use Google+, he was concerned that users who wanted to give his videos a “thumbs up” might refrain if they had to join yet another social network in order to do so, which was the prompt prior to selection – “upgrade to Google+.”
YouTube Hosting Own ‘Upfronts’ To Lure Advertisers (Reuters)
YouTube will promote a new slate of original channels to big-brand advertisers in New York, hosting for the first time a splashy “upfront” event where marketers preview upcoming television shows and allocate ad dollars. It joins a growing crop of other Internet services, from Hulu to AOL and Yahoo, also trying to lure TV dollars to their own growing menus of online video programming. The more professional and semi-professional content that YouTube adds to its mix of videos, the greater the ad revenue it will reap.
Google Adds Music, Movies And Books To Carrier Billing (Electronista)
Users of Google’s Play Android app store will now have even more options to charge items bought on the store directly to their wireless bills instead of a credit card. Users have been able to use carrier billing for app purchases, however starting this week the option will include music, movie, and book purchases. The new billing option will be restricted to certain carriers. In the United States, AT&T, Sprint, and T-Mobile customers will have the direct billing option. Clearly not the iTunes model which affords Apple access to millions of credit cards. This is one of the reasons Android can’t monetise.
LG Releasing Google TVs Later This Month (paidContent)
Hoping to spark both the suddenly sagging U.S. TV market and Google’s struggling Android-based TV platform at the same time, consumer electronics maker LG has confirmed that it will release in the U.S. two new smart TV models based on Google TV software later in May. LG’s so-called “G2 Series” televisions were unveiled in January at the International Consumer Electronics Show in Las Vegas and represent the first products from the second generation of Google TV devices. The 3D-capable TVs will allow users to blend PC-like Google experiences with watching good old-fashioned live TV.
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