certain multi-national software conglomerates, Google claimed in its latest quarterly report that Android still isn't making much money - or at least not as much as it could. While Android is reaching towards 50% smartphone market share in nearly every world market, Google CEO Larry Page said that it still has a long way to go. " We are in the early stages of monetization for a number of our new products, and Android is one of those."
YouTube Webcast and they've posted the full financial results for Q3 and the year in general. Google, you are some rich dudes. Sifting through the notes just released today it appears things are still moving along just fine for Google. Revenues from Q3 2010 to now has increased 33% year over year, and this quarter alone they've brought in around 10 billion in revenue. Sounds nice right?
Reports suggest revenues of $9.03 billion for the quarter ended June 30, 2011, an increase of 32% compared to the second quarter of 2010. I pretty large increase over the $6.82 billion earned for the second three months of 2010. GAAP net income was $2.51 billion, up from $1.84 billion in Q2 2010 and the numbers are increasing this way basically across the board. Things are good over at Googleville.Google-owned sites generated huge revenues of $6.23 billion, or 69% of total revenues, in the second quarter of 2011. This represents a 39% increase over second quarter 2010 revenues of $4.50 billion.Showing that Google-owned sites accumulate around 70% of the total revenues, I guess this is why they want everyone clicking on ads, and hitting that +1 button for Google+ these days. I wont get down to all the details because you can check out the earning via the source link below if you want to be jealous. They do mention that their Cash and cash equivalents adds up to over $39 billion, yes I said billion. Google has also been pretty busy and hired a few more employees this last few months too, number of employees rose to 28,768 as of June 30, 2011, up from 26,316 as of March 31, 2011, More details below. [via Google]