Boston, MA 01/08/2013 (wallstreetpr) – Google Inc (NASDAQ:GOOG) is facing growing competition for the ad revenue. It can no longer have this segment as its only source of major revenue. For this reason, the company continues to reveal new sources of revenue.
For a very long time Google Inc (NASDAQ:GOOG) relied on advertisers’ money which came mainly through its Internet search service. However, Facebook Inc (NASDAQ:FB) and Yahoo! Inc (NASDAQ:YHOO) are becoming a big threat in this revenue segment. Facebook is currently testing its Internet search service, which works just like Google Search. And Yahoo! announced at the ongoing International Consumer Electronics Show in Las Vegas that it has acquired a contextual search app which is expected to front a huge competition for Google Search.
In this condition, Google Inc (NASDAQ:GOOG) is making friends in the auto industry, going into smartphone business, buying world Internet network and releasing wearable computers as some of its new sources of future revenue.
Connect cars
Google Inc (NASDAQ:GOOG) is reported to be in talks with General Motors Company (NYSE:GM), Audi, Volkswagen, Honda and other automakers so that it can install its technology in the cars they produce for in-car entertainment and communication. In car-system business is seen as a big opportunity, as sales of cars are expected to go up significantly in many parts of the world. Moreover, many drivers prefer to enjoy the best experience of entertainment and communication while on the steering wheel. This is therefore a sustainable revenue segment if Google Inc (NASDAQ:GOOG) can crack it properly.
Smartphone and wearable devices
Google Inc (NASDAQ:GOOG) is of late into smartphone business. Many people today are acquiring smartphones and there are still a lot of opportunities in this market. Google Inc (NASDAQ:GOOG) hopes that it can derive additional revenue from this segment. Also, the company is expected to launch its wearable computer called Google Glass. This device is worn in the eye and can stream music, shoot video or take pictures as well as perform other computer tasks. The response to this device has been positive so far and Google Inc (NASDAQ:GOOG) hopes to turn it into a big revenue source.
Internet infrastructure
Google Inc (NASDAQ:GOOG) is investing in Internet networks around the world. This will help the company to cut its bandwidth expenses and also raise additional revenue by selling the Internet to other providers and consumers.
