14 DAY TRIAL // Google announced a revenue of $14.11 billion (€10.73 billion) for the second quarter of 2013, an increase of 19 percent year-over-year.
Most of the money came directly from Google properties, especially the massive advertising networks, which means that $12.1 billion (€9.2 billion) came from advertising alone.
The Motorola division also brought in some revenue, namely $998 million (€759 million), a modest increase over last year’s results. However, it posted an operating loss of $342 million (€260 million), a lot worse than last year’s $199 million (€151 million).
However, the results were a little under what Wall Street was expecting.
The company’s net income reached $3.23 billion (€2.45 billion), which is not a record high, but an impressive jump year-over-year from $2.79 billion (€2.12 billion).
The company also announced several other numbers. For instance, there are 900 million Android devices activated across the globe, with another 1.5 million being added every day. The Play store has seen 50 billion downloads so far.
Larry Page further talked about the Google Glass. He states there’s more than smartphones and tablets out there and that Glass is something the company wants to invest in.
The Google CEO didn’t give out many details about an approximate release date for the wearable tech, but the company is trying to invest in technology that will make users “live the future.”
Google officials also talked about Google Fiber, the project that involves delivering high-speed Internet to as many households in America as possible. Despite the high cost of the operation, Google sees this as a profitable investment.
Larry Page further discussed the automated vehicles and went as far as to mention they are still very early in development. However, it’s tough to known when such technologies reach commercial viability.
During the meeting, Page also mentioned he was excited about Motorola’s new products set to be released soon, but didn’t go into details.