Google posts record $9B in revenue as daily Android activations grow to 550K
During an earnings call on Thursday, Google reported record quarterly revenue of more than $9 billion and reached a new milestone of 550,000 Android device activations per day, up from the 500,000 a day it disclosed in June.
Google CEO Larry Page posted his opening remarks for the company's second quarter earnings call on his Google+ page, noting that revenue increased 32 percent to $9 billion, setting a quarterly record.
The Mountain View, Calif., company also revealed that Android device activations have reached a daily figure of 550,000, with a total of 135 million devices activated. That's up from 500,000 per day in late June, remaining in line with the 4.4 percent weekly growth that Android chief Andy Rubin disclosed over Twitter.
By comparison, as of June, Apple had sold a total of 200 million iOS devices. Last October, CEO Steve Jobs said the company had reached daily iOS activations of 275,000. However, the company has declined to continue updating the metric, even as activations on Google Android have continued to climb.
In terms of smartphones, the Android platform surpassed the iPhone last year and has continued to widen its lead over its rival. According to comScore, Google held 38.1 percent of the smartphone market in the U.S. last quarter, compared to Apple's 26.6 percent.
Apple, however, still maintains the lead in terms of app downloads. Google said on Thursday that total Android app downloads had reached 6 billion, whereas Apple recently reached the 15 billion download mark.
Shares of Google jumped up over 12 percent in after hours trading in light of the company's favorable earnings report, overcoming a loss of 1.73 percent during the day on Thursday.
Investor reaction was markedly different from the response to the search giant's earnings results in the first quarter of calendar 2011. After Page was conspicuously absent on his first earnings call as CEO and operating expenses leapt up, Google shares tumbled 17 percent from April to June, before bottoming out at $474.88. In April, Page took over for Eric Schmidt as the company's CEO.
For its part, Apple will release its own quarterly results on Tuesday, July 19 after the market close. AppleInsider will have full in-depth coverage.
Google CEO Larry Page posted his opening remarks for the company's second quarter earnings call on his Google+ page, noting that revenue increased 32 percent to $9 billion, setting a quarterly record.
The Mountain View, Calif., company also revealed that Android device activations have reached a daily figure of 550,000, with a total of 135 million devices activated. That's up from 500,000 per day in late June, remaining in line with the 4.4 percent weekly growth that Android chief Andy Rubin disclosed over Twitter.
By comparison, as of June, Apple had sold a total of 200 million iOS devices. Last October, CEO Steve Jobs said the company had reached daily iOS activations of 275,000. However, the company has declined to continue updating the metric, even as activations on Google Android have continued to climb.
In terms of smartphones, the Android platform surpassed the iPhone last year and has continued to widen its lead over its rival. According to comScore, Google held 38.1 percent of the smartphone market in the U.S. last quarter, compared to Apple's 26.6 percent.
Apple, however, still maintains the lead in terms of app downloads. Google said on Thursday that total Android app downloads had reached 6 billion, whereas Apple recently reached the 15 billion download mark.
Shares of Google jumped up over 12 percent in after hours trading in light of the company's favorable earnings report, overcoming a loss of 1.73 percent during the day on Thursday.
Investor reaction was markedly different from the response to the search giant's earnings results in the first quarter of calendar 2011. After Page was conspicuously absent on his first earnings call as CEO and operating expenses leapt up, Google shares tumbled 17 percent from April to June, before bottoming out at $474.88. In April, Page took over for Eric Schmidt as the company's CEO.
For its part, Apple will release its own quarterly results on Tuesday, July 19 after the market close. AppleInsider will have full in-depth coverage.
Comments
Google reported record quarterly revenue of more than $9 billion and reached a new milestone of 550,000 Android device activations per day
What, exactly, do these two things have to do with each other though?
However, the company has declined to continue updating the metric, even as activations on Google Android have continued to climb.
Translation: As per Apple's usual policy, now that Apple is no longer the leader in this particular metric, it has determined that the metric is no longer important.
Translation: As per Apple's usual policy, now that Apple is no longer the leader in this particular metric, it has determined that the metric is no longer important.
Pretty sure the "devices activated per day" was a metric Android came up with.
In terms of smartphones, the Android platform surpassed the iPhone last year and has continued to widen its lead over its rival. According to comScore, Google held 38.1 percent of the smartphone market in the U.S. last quarter, compared to Apple's 26.6 percent.
Note...the comparison is with the Android platform against a single iOS component which can be a bit misleading.
For those that care about app development it's more important to consider Android vs iOS which changes the results considerably when you add in the iPod Touch and iPad numbers.
There is 10/90 rule for Android: every 10 good Androids, there are also 90 craps and turds activated.
That sounds accurate
Translation: As per Apple's usual policy, now that Apple is no longer the leader in this particular metric, it has determined that the metric is no longer important.
Nailed it.
It will explain how come Google's quarterly revenues will never reach that of Microsoft let alone those of Apple or HP.
According to comScore, Google held 38.1 percent of the smartphone market in the U.S. last quarter, compared to Apple's 26.6 percent.
Devices running Android OS hold 38.1 percent - Google doesn't - of the smartphone market because Google doesn't really manufacture any phones (the Google phone doesn't really count).
The advantage Android has is the heavy discounting by networks, the 2-for-1 offers and maybe other incentives, especially cheaper plans. I also wonder how many Android phones are sitting in drawers without being turned-on as many have been sold/given to non-geeks, some of whom must have smashed them under their boots out of sheer frustration.
In the UK people tend to upgrade fairly regularly -- a husband and wife having two plans (if they're savvy enough) will usually stagger their contract start dates so that at least one phone gets updated every year. I upgraded Nokia phones every year, but since the iPhone was introduced I've only had two models, both purchased outright -- the original iPhone which I still have with a PAYG SIM and my every day 3GS. If the 3GS runs iOS5 as well as the iPhone 4, I may not bother getting iPhone 5.
What, exactly, do these two things have to do with each other though?
Would someone please remind me, just how Google makes money from Android (genuine query)?
In the good old days, when Apple enjoyed less than the dominant position in its market, we came here to discuss all things Apple in a very amiable atmosphere. Hopefully we'll get back to times like that. It seems as though the trolls think that unless Apple is top of its market, that the fanbois (yuck) cannot be truly happy. Well, news for them, this was once a much happier place.
Translation: As per Apple's usual policy, now that Apple is no longer the leader in this particular metric, it has determined that the metric is no longer important.
Translation: I'm pointlessly criticizing Apple for doing something every company does.
And if you disagree, show me an Andy Rubin tweet bragging about the actual profits they make from Android.
Translation: I'm pointlessly criticizing Apple for doing something every company does.
And if you disagree, show me an Andy Rubin tweet bragging about the actual profits they make from Android.
It's slightly different - Apple actually does want to sell more phones than Google, though it wants to make fat profits doing it - Google doesn't care about making profits from phones, it just wants to own a huge platform so it can launch new services like Google+, etc.
Fpr Google the only metric that matters is marketshare, for Apple all the metrics matter - though to different degrees.
While the number of activations sounds impressive, given the junk build quality of a lot of Android phones, I wonder how many of these activations are from previous Android users versus truly "new" customers. I suspect a big grey area here.
Keep reaching... just a little more... just a liiiitle bit more... your almost there...
Meanwhile, back in reality - history begins to repeat for Apple.
This time thou, they have all the monies they could ever want in the bank - however, have lost all goodwill, trust and loyalty from, well, every industry known to man it would seem.
Hope that fickle consumer market stays strong while the economy tanks.
Will be interesting to see how this plays out.
Fingers crossed that Apple starts playing nice again.
Keep reaching... just a little more... just a liiiitle bit more... your almost there...
Meanwhile, back in reality - history begins to repeat for Apple.
This time thou, they have all the monies they could ever want in the bank - however, have lost all goodwill, trust and loyalty from, well, every industry known to man it would seem.
Hope that fickle consumer market stays strong while the economy tanks.
Will be interesting to see how this plays out.
Fingers crossed that Apple starts playing nice again.
Okay - and on what authority do you make your assertions. FOFW!
This is why Nokia Phone 7 will fail.
Last time I checked the enemy here is Android, not Windows Phone. Also I think Windows Phone is a very fluid and nice experience and I think in the next 3-4 years, the battle will be right back to who its always been between: Microsoft vs Apple.
Would someone please remind me, just how Google makes money from Android (genuine query)?
Mostly advertising revenue. I thought everyone knew that.