Alphabet Holding reported on the results of the second quarter of the financial year and spoke about the successes of Google, which is part of the holding.
So, Alphabet itself was able to increase by 40% the revenue of the “Other income” business line, which includes the Google hardware business, as well as the cloud computing department.
At the same time, Google CEO Sundar Pichai said that the company in the second quarter more than 2 times increased sales of smartphones. Unfortunately, Google does not like to name specific numbers.
But it is obvious that the new Pixel 3a and Pixel 3a XL influenced sales growth, which became simplified versions of the flagships and the cheapest “pixels”. Also recently, the manufacturer has several times reduced prices for the Pixel 3 and Pixel 3 XL, which also had a positive effect on the performance.
As a result, Alphabet’s operating profit for the second quarter increased from $ 3,045 to $ 9,180 billion, and net profit – from $ 3,195 to $ 9,947 billion. 99.5% of the holding’s revenue is due to Google.