Google doubles its devices shipment in 2017, revenue goes up

The parent company of Google, Alphabet, posted Q4 2017 and fiscal year 2017 results. The report said the 2017 revenues were $110.9 billion, which is a 23% increase year over year. The October-December period accounted for $32.3 billion, $4.69 billion of them coming from Google other revenues that include Pixel phones and Play Store sales.

Sundar Pichai, CEO of Google, while not disclosing any numbers, said in its earnings call that shipments of devices doubled in 2017, including “tens of millions” Chromecast, Chromebook and Google Home speakers.

Other revenue category posted 38% increase in Q4 on a yearly basis. Back in October-December 2016, Google snatched $3.40 billion from hardware and app-related sales.

Aside from the earnings announcement, Alphabet introduced John L. Hennessy as the new Chair of the Board at Alphabet, replacing Eric Schmidt who stepped down at the end of 2017.

Google finalizes $1.1B acquisition deal with HTC

Back in September Google and HTC announced a $1.1 billion deal. The phone manufacturer is receiving the money in exchange for some of its employees and access to its intellectual property. The agreement was approved by the Taiwanese Investment Commission in December, and today Google officially welcomed the new members of its team.

were already working on the Google Pixel 2 smartphone and its upcoming successors. They will remain based in Taiwan and Taipei will become the largest Google engineering site in the Asia-Pacific region.

Rick Osterloh, Hardware Senior VP at Google, commented that the hardware business is entering its third year and the company will keep building and investing for the long run. The company will create “radically helpful experiences for people around the world” with the new teammates, by combining Google’s AI, software and hardware.