Google satisfied with Nexus, Chromecast, and Play Store performance

Google satisfied with Nexus, Chromecast, and Play Store performance

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Google has recently announced their financial results for forth quarter and according to result they got 99% revenue hike in non-advertising business. Their non-advertising business includes hardware and Play Store rest of their Revenues reaches to $1.65 billion in Q4 2013. This figure was $829 million in last quarter of 2012. There are other sources from where Google get its revenue like showing advertisements on their search engines and partner sites. Revenue made from such advertisement is outside Google’s core business. Such revenues have got very small contribution in Google’s total revenue. According to Google’s report, there is only 10 percent contribution in overall revenue but still Google said that they are satisfied with their business performance.

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Nikesh Arora, Google’s senior VP and chief business officer took a brief look on contribution of google’s hardware products and said that Chromecast and Nexus 5 performed well in holidays that took their revenue high. Other than google’s hardware products, Arora also commented on Play Store performance. There are many users who signed up with company’s new payment system “Wallet” and it leads to increased interest in downloading applications and media from Google’s digital store.

You might be thinking that Nest will aid in the Nexus hardware lineups but that is not true. Patrick Pichette, Google CFO said that aim of acquisition is to assist nest to boost their market worldwide. So we cannot expect some Nest-ified slates or phones anytime soon.
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