Investors Disappoint By Google Earning

Investors Disappoint By Google Earning

California: Google is trying to develop new origins for income from advertisement and cell phones.

90 % income of Google is based upon its search advertisement so Google always tries to dominate in this business. Now there is great competition in this field and investors and analysts are wondering that now what is Google trying to do and get.

By the Stock market the price of Google has extend to 17 % from the last 3 months. On Thursday it has been announced that the net income of Google has extended to 24%, this finished on 30th June.

Incom of Google raised from $1.48 to $1.84 billion or from $5.71 a share to $6.45 a share, said company. Without the stock options cost and other taxs, the net income of Google raised to $6.45 a share.

It’s the profit which neglected the Analysts and investors expectations.

A managing director at Stifel Nicolaus and an Internet, Jordan Rohan, said “It is an unbelievably qualified pony, perhaps the most qualified pony we have ever viewed, but we are looking for that what is second trick.

Google is trying to develop new sources like Advertising and Cell phones including its Android operating system. Senior vice president of product management at Google, Jonathan Rosenberg, said that the consumption of Android devices has increased up to 160,000 a day from 65,000 a day and Google is introducing new type of Mobile ad.

As Google Extends its new businesses, it has to face a great competition from all directions.

Mr. Rohan, said “Investors are peculiar about what Google desires in a universe where Apple operates a big chunk of the cellular world, Facebook operates a big chunk of the social world, and Google & Amazon control commercial world.

Google is also scoring official and buttonholing costs as it bears raised force from regulators. In the recent past, antimonopoly regulators stated they were checking outGoogle’s contrived acquisition of ITA, which builds flight information software.