Google earnings from its core internet business came in much better than many analysts had predicted during the crucial fourth quarter of last year.
They rose seven percent as online advertisers spent more money chasing holiday shoppers.
For the whole fiscal year earnings by the world’s largest internet search company hit a record of $50 billion, that’s 37.5 billion euros.
However, its Motorola mobile phone division continues to lose money with an operating loss of $353 million during the quarter.
Google acquired Motorola Mobility last year, one of various “big bets” that Google Chief Executive
Larry Page has made to better position the company for a changing technology landscape defined by mobile gadgets and social networking.
“We now live in a multi-screen world,” said Page, adding that “we feel naked without our smartphone.”
Page said that Google had work to do in “managing our supply better as well as building a great customer experience,” but said Google remains squarely focused on opportunities around devices such as smartphones.
Asked about the potential threat from Facebook’s recent launch of a social networking search product, Page cited Google’s years of online search experience and innovations such as voice-based search.
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International breaking news | euronews online world breaking news in video
- 3Caught red-handed: the Russian Major fighting in Ukraine
- 4Video footage shows massive explosion in Tianjin, China
- 5Ukraine puts top Russian general Gerasimov on ‘most wanted’ list
- 6International news | euronews, latest international news
- 7Why World Elephant Day matters
- 8Latest News Bulletin
- 9Who came out top in the US Republican television debate?
- 10UK: at least 7 dead after plane crashes into road in Brighton
- 11Snowden, Assange and Manning statues unveiled in Berlin
- 12Virginia:TV journalist and cameraman shot dead live on air
- 13ISIL militant group claims to have killed Croatian hostage in Egypt
- 14Earth Overshoot Day…Pushing Mother Nature too far
- 15Windows 10, three weeks on: the good, the bad and the ugly
- 16Bringing the trolls out of the dark: Russian ‘troll’ awarded 1 rouble damages
- 17As ‘Daily Show’ Jon Stewart’s tenure ends, scholars say goodbye to their research topic
- 18Momentum for Mars: Astronauts say mission is inevitable
- 19Scientists find sinkhole cave under Mexico’s Kukulkan Castle Pyramid
- 20Migrant crisis pushing Greek island of Kos to the limit
Wires > Business
- 01:11 CET Half of UK manufacturers worried by China, some review plans – EEF
- 21:49 CET Fed’s Fischer sees inflation rebound, allowing gradual rate hikes
- 20:51 CET ECB’S Constancio says policies firming inflation against oil…
- 20:17 CET Bank of England stance on rates unchanged by China – Carney
- 20:14 CET FCA investigating annuity sales – Telegraph
- 17:25 CET Buffett’s Berkshire takes $4.48 billion stake in Phillips 66
- 16:11 CET Sweden to raise welfare spending in 2016 – paper
- 13:54 CET China to cap 2015 local government debt at $2.5 trillion – Xinhua