Alphabet's first-quarter earnings were a disappointment for Wall Street, largely due to shortfalls in advertising revenue. The hardware team also had some difficulties, in part due to a stagnating global smartphone market that hit virtually all players.
CEO Sundar Pichai cited the "headwind" from year to year as he referred to the company's smartphone line Release of Pixel 3 and Pixel 3 XL last fall. The board rightly referred to the company's relatively recent entry as a stand-alone hardware developer and painted a hopeful picture of future industry innovation.
"I'm still looking forward to 5G and the early foldable phones that Android plays when driving a big role," Pichai said in the call. Above all, Google has played an important role in the development of an Android interface developed for the foldable form factor and works closely with Samsung.
Ruth Porat, CFO, reiterated Pichai's comments and hinted at what's coming. "While the first quarter results reflect the pressure in the premium smartphone industry," said the CEO, "we are pleased with the continued momentum of the Assistant-enabled home appliances, especially the home and mini devices on our announcement of May 7, I / O from our hardware team. "
The reference to" Premium Smartphone [s] "seems to be a reversal of the rumored pixel it is rumored that the Mid-tier version of the Pixel line will be a rare I / O hardware debut next month, and the introduction of such a device could help accelerate the line's revenue growth.
Pichai referred to the newly opened " The company's campus and engineering hub as a result of the company's massive business with the serious mobile phone maker HTC The research and development center in Taipei focuses on haup mainly on the smartphone offers from Google. He also referred to the company's Amazon competing home line as a source of light for the hardware offering, especially for the mini and hub.
"When you use products like Google Home and Assistant products, we've got really good results," he told Pichai. "We see strong momentum. We are the market leader in this category, especially if you look at it globally. "