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Home / Technology / Google reportedly earned billions of dollars from Google Home

Google reportedly earned billions of dollars from Google Home



Intelligent speakers and digital assistants have quickly developed from a curiosity to a staple, and Google has been more responsive to the rising tide than most, providing a competitive product to Amazon's dominant Alexa speakers, though it's only been years RBC Analyst estimates that Google has not only succeeded in gaining market share, but also in generating dollars, and in the year 201

8, with its Google Home devices, it is targeting $ 3.4 billion in revenue all with a healthy profit margin of 25%.

This is just some of the revenue from their pixel line. Google believed it had sold 52 million Google Home devices worldwide with 43 million in the US.

While Google has had a healthier profit margin with its Pixel phones, RBC expects Google Home device sales will double by 2020, making the profit stream comparable. It is expected that sales will increase to 7.5 billion US dollars.

The recovery of Google Home was with 2 million devices sold in 2016, 15 million in 2017 and 35 million in 2018 with a product with 19.5 million users (with multiple devices in the US.

The Advancing the category as an alternative to the stagnant smartphone market highlights, to some extent, the failure of companies like Microsoft to penetrate a new category of smart devices, as well as the benefits of synergies between their smartphone platform devices and smart speakers. [19659002] For more information on the RBC report at CNBC, click here.

Via Voicebot.ai


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