Why people expect Google to "win" anything? To be successful in the long term?
Google makes all their money from advertising, a product they have since basically inception, it would be like Apple only making money from Macs. All they have been trying since Android (which is a moderate success at best, Google PlayStore only gets 33% of the revenue, Google Pixel doesn't sell in significant numbers) has been a failure.
Google Play Music? Spotify and Apple iTunes Music Store/Music are winning, are winning it all, with AM closing to Spotify.
Android TV? Mainly used for piracy. The market is fractured, but Apple, for example, has been doing a far better job.
Google Now/Assistant? No doubt, Amazon Alexa is wining this one right now, and Siri is the most used personal assistant in mobile devices.
The self driving car? It's never coming out, according to specialists, GM, of all companies, is the closest to actually deliver a self-driving car.
Android Wear? Pretty much dead at this point, Apple won.
Tablets? They were forced to back off with their Android tablets, and are now trying again with dumping the chromebooks that people don't want to schools.
And there's the cloud business.... it's completely dominated by Amazon. Amazon makes more revenue than Google and Microsoft combined, Microsoft doubles Google revenue and then some.
Google Plus and their numerous messaging Apps? What a joke, Facebook owns that market with their products, and even the lil' Snapchat and the lil' Twitter did a better job than the colossal company that was one time the biggest company in the world. Apple and Microsoft also do a decent job there with iMessage, Facetime and Skype being household names with hundreds of millions of active users.
Military Projects, Google bought Boston Dynamics just to sell it shortly thereafter. Google had a contract with the Pentagon that they have failed to accomplish (not widely reported as Google controls the media and can't do wrong, but here it is), and recently Google employees revolted refusing to work in "drones that kill people".
That's what I'm remembering so far. So much for the company that "is going to dominate the future".
Yet, Alphabet's P/E is at 30.65 right now.
Google makes all their money from advertising, a product they have since basically inception, it would be like Apple only making money from Macs. All they have been trying since Android (which is a moderate success at best, Google PlayStore only gets 33% of the revenue, Google Pixel doesn't sell in significant numbers) has been a failure.
Google Play Music? Spotify and Apple iTunes Music Store/Music are winning, are winning it all, with AM closing to Spotify.
Android TV? Mainly used for piracy. The market is fractured, but Apple, for example, has been doing a far better job.
Google Now/Assistant? No doubt, Amazon Alexa is wining this one right now, and Siri is the most used personal assistant in mobile devices.
The self driving car? It's never coming out, according to specialists, GM, of all companies, is the closest to actually deliver a self-driving car.
Android Wear? Pretty much dead at this point, Apple won.
Tablets? They were forced to back off with their Android tablets, and are now trying again with dumping the chromebooks that people don't want to schools.
And there's the cloud business.... it's completely dominated by Amazon. Amazon makes more revenue than Google and Microsoft combined, Microsoft doubles Google revenue and then some.
Google Plus and their numerous messaging Apps? What a joke, Facebook owns that market with their products, and even the lil' Snapchat and the lil' Twitter did a better job than the colossal company that was one time the biggest company in the world. Apple and Microsoft also do a decent job there with iMessage, Facetime and Skype being household names with hundreds of millions of active users.
Military Projects, Google bought Boston Dynamics just to sell it shortly thereafter. Google had a contract with the Pentagon that they have failed to accomplish (not widely reported as Google controls the media and can't do wrong, but here it is), and recently Google employees revolted refusing to work in "drones that kill people".
That's what I'm remembering so far. So much for the company that "is going to dominate the future".
Yet, Alphabet's P/E is at 30.65 right now.
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