Photo by Vjeran Pavic / The Verge
Google’s budget-conscious approach to its Pixel smartphone line appears to be paying off. Google parent company Alphabet posted second quarter earnings for 2019 today, handily beating Wall Street expectations with revenue of $38.9 billion and a profit of $9.9 billion. The profit dwarfs that of the second quarter of 2018, when Google had to dock its net income by a record $5 billion over last year’s antitrust settlement.
The Google ad machine continues to chug along unfazed by any of the company’s numerous scandals surrounding botched YouTube moderation, alleged bias in search results, and looming regulatory threats. (Google’s ad business made $32.6 billion this past quarter, a jump of nearly 20 percent.) But the real spotlight this…
from The Verge – All Posts https://ift.tt/2LGOav8