Google’s offerings are always phenomenal that is pretty much visible from the sales figures. The latest sales figure of Google’s parent company Alphabet is not only stunning but a lot impressive. Worth mentioning that the Alphabet with its exceptional Nest offering has surpassed Amazon’s first-quarter earnings for 2018. Google Nest offerings are increasing like anything as a result of which the company has topped the first quarter earnings charts for the very first time.
A comparison of the quarterly revenues of the previous and current year clearly displays the difference of Nest’s earning of about $726 million yet with a loss of $621 million on the “other bets”. That means the technical giant Google spent more than half a billion dollars last year only to inaugurate Nest in the sectors like alarm systems, video doorbells, security camera and other such devices.
Google is making clear efforts to make its mark visible in a number of sectors. With Phone, Google is pretty much-providing facilities similar to Apple’s iPhones. With Chrome-powered devices especially laptops, Google has pretty much taken on Microsoft. And, with the Google Home and Nest, Google has almost won by making a higher earning than Amazon. All thanks to Alexa digital assistant and Amazon Echo that the company is still leading charts in regards to the home devices that has inbuilt Google assistant.
With these offerings, Google has shown its willingness to spend money on all the necessary sectors that would help it build a greater reputation in laptop and smartphone market. As Google’s smartphone offerings, PIxel phones have done well but they don’t seem to be the best competitor to Apple’s iPhone. Yet Google can have a clear advantage on Amazon through its smart device offerings that are artificial intelligence powered devices like smart speakers. And, that’s where Nest comes into the scene. The current revenue figures are the proof of the same.
Moreover, Google’s Alphabet spendings clearly state that Google has money to spend on impressive offerings. During the first quarter, Alphabet’s total revenue was around $31.15 billion compared to $24.75 billion that was the last year’s earning for the giant. In terms of profit, Alphabet’s earnings have been soaring year after year. With the current figures, it is sure that Google is going to make it bigger anytime sooner.