We have a new king of the hill. For when the Alphabet yesterday unveiled what happened to the subsidiary Google showed that the results were better than expected. Something that had the approval of investors and the stock took off.
At the end of the day the stock market valued the company at 518 billion dollars, which admittedly is still less than Apple’s 538 billion dollars. But yesterday’s news came after trading ended, and after the trade, the share rose by 8 percent. Keeps development in itself will most likely land at 560 billion dollars when the US stock market closes today, writes The Guardian.
Also read: Total redesign of Google – do sökjätten clearer
For the first time the Company has separated the results from core operations from its more chance of breaking investments – also called moon shots. The ambitious and experimental project where Google X self-propelled vehicles, missiles, and spacecraft hear.
Google helped with sales of $ 74.5 billion and a profit of $ 23.4 billion in 2015. Above all, the advertising revenues that have increased and in the last quarter of 2015 had increased by 17 percent compared with the year before.
Google has grown from only a search engine that today have fingers in far many more jam jars, which worried investors who did not know how it goes for the various segments. But judging by yesterday’s reaction seems investors are satisfied with the visibility they received.
But it costs to be in the forefront of technology. For internet balloons, cars and other projects generated a loss of $ 3.5 billion and just pulled in $ 448 million in revenue. However, it seems they do not expect them to go with someone more profit, at least not yet. The founders’ ambition has long been that early bet on new technology to stay ahead in the long run, which requires large investments without getting something back here and now.
Also read: Why are Raspberry Pi Zero so cheap? Thanks to Google.
It was the last year that Google shared operations into different parts, renaming the parent company of Alphabet. Remaining under the name Google’s search engine, YouTube, Android and Google Play and the departments that belong to the core business. For the other subsidiaries include Google X, research and development, Google Fiber, Internet of Things and other future technologies. One reason was that investors thought they had sufficient insight into Google’s finances.
However revealed still is not exactly how much is spent on cars and what invested in internet balloons.
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