Boston, MA 10/15/2014 (wallstreetpr) – According to reports, Google Inc (NASDAQ:GOOG) is all set to announce earnings of past three month on Thursday. The most recent quarter has been full of world class events for the company. Right from acquisition of high-tech utensils to announcement of the project for delivering packages with drone aircraft, a lot of meaningful things took place for the company in the previous quarter.
Insights of the matter:
Even though Google Inc (NASDAQ:GOOG) has been trying its best to remain on top of the game since its inception, but still on the day of earnings announcements, people will remember only one thing i.e. GOOG is an ad selling company. If taken into consideration historical data, then one can see the pace with which Google Inc (NASDAQ:GOOG) has grown revolves around 20% a year. It means that it would be making close to $60 billion over the next year. It’s just a mere prediction as of now and the only thing that matters is nothing but results of most recent quarter.
Over the past many months, investors might have noticed a significant change in people’s internet preferences. They are getting more addicted towards use of mobiles than computer. It doesn’t mean anything for those who have not invested in GOOG, but from investors’ point of view, it’s a big worry.
Google Inc (NASDAQ:GOOG) generates maximum part of its revenue through advertisements, but change in consumers’ preferences will surely affect its income in the near future. Shift from computers and laptops to smartphones may be a boon for people other than Google Inc (NASDAQ:GOOG) stakeholders, but for GOOG family its a point to worry. It will have to come up with a solid answer as soon as possible to get rid of this situation. It has started putting efforts as a report claims that over the past one year or so, GOOG has been asking advertisers to buy significant mobile ads in a hope to turn around things.
