“Despite all the talk of Android and Chromebook, Google’s latest quarter underscored how deeply reliant the company is on search and advertising revenues. Google missed street estimates badly,” Reschke writes. “Revenue dipped below 20% growth last quarter for the first time in over five years. This quarter net revenue grew only 7%, a trend spooking investors, exposing the fact Google only knows how to make money through search and not much more.”
“iPad, Mac and services alone are massive, with just these 3 parts making Apple an $80 billion company,” Reschke writes. “Just because iPhone is the most successful technology product in world history should not blind anyone to the additional markets [in which] Apple has achieved extraordinary success.”
Read more in the full article here.