Despite today's news about Google's expectation-beating Q3 revenue, I'm concerned about the company's long-term prospects in computing.
Looking at Google's recent annual report, filed on October 28, 2010, Google generated 96% of its revenues and 99% of its profits from the following one division: advertising. While this divisions includes a collection of products and services (e.g., mobile), it appears that most of the revenues and almost all the profits of these divisions is driven by AdWords.
Comments
Despite today's news about Google's expectation-beating Q3 revenue, I'm concerned about the company's long-term prospects in computing.
Looking at Google's recent annual report, filed on October 28, 2010, Google generated 96% of its revenues and 99% of its profits from the following one division: advertising. While this divisions includes a collection of products and services (e.g., mobile), it appears that most of the revenues and almost all the profits of these divisions is driven by AdWords.