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Stock impact report

Google mum on hardware as it divulges revenue for other two big bets [Reuters (UK)]

FITBIT INC (FIT) 
NASDAQ:AMEX Investor Relations: investor.fitbit.com/overview/default.aspx
Company Research Source: Reuters
Google mum on hardware as it divulges revenue for other two big bets - Reuters 5 Min Read SAN FRANCISCO (Reuters) - Google Chief Executive Sundar Pichai over the last three years has touted the business prospects of what he has called “three of our biggest bets: YouTube, cloud and hardware.” On Monday, it appeared the first two bets are outperforming the third. Google parent Alphabet Inc ( GOOGL.O ) separately listed YouTube and cloud revenue on its quarterly financial statements for the first time. But it gave no specifics on hardware beyond that sales declined, compared to a year ago, during a holiday period in which consumer electronics are a common gift. Pichai, who gained the additional role of Alphabet CEO in December, and Chief Financial Officer Ruth Porat did not specify a cause for the downturn. A Google spokeswoman did not respond to a request to comment. But the popularity of Google’s more affordable smartphone and flattening demand for its speakers with voice assistant t Show less Read more
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