“Google made the statement to help justify why it shouldn’t disclose revenue generated from mobile devices, a figure the SEC had requested and that companies like Facebook and Twitter both disclose,” Winkler reports. “Google argued that it doesn’t make sense to break out mobile revenue since the definition of mobile will ‘continue to evolve’ as more ‘smart’ devices roll out.”
“‘Our expectation is that users will be using our services and viewing our ads on an increasingly wide diversity of devices in the future,’ the company said in the filing,” Winkler reports. “Google announced a $3.2 billion deal in January to buy Nest Labs, a startup known for smart thermostats and smoke detectors – a few weeks after it told the SEC to expect ads and other content on such devices.”
Read more in the full article here.
[Thanks to MacDailyNews Reader "Sarah" and "Antonio" for the heads up.]