Android Contenues to loose money even with $97.7 MILLION In Q1
Rob Houglum LeadLinkMedia.com Friday, May 04, 2012
Google has often been pretty cagey about the financials behind its Android mobile OS and info which has emerged over the past week could give us a hint why : it has been losing cash from Day One.
In the suit between Oracle and Google in which Oracle claims Google, in its Android platform, infringes on copyrights and patents related to Java a judge and jury are trying to work out what type of damages might be given to Oracle. That case took a turn for the precise yesterday, when Judge William Alsup ( as reported by Reuters ) read out excerpts of Google documents that determined that the platform produced a net loss for every quarter of 2010 and "a big loss for the entire year".
He also noted that Android generated around $97.7 million in money in Q1 of 2010.
The jury commenced their thoughts on Monday, and if they can't come to a unanimous decision, then the trial will go on to its 2nd phase, concerning patents, with the 1st phase on copyright afterwards facing a retrial.
What quantity of cash Google has or has not made is a crucial part of the case as it can often be used to decide how much Oracle can possibly receive in damages if it wins the case although Oracle says that even though Android is making a loss, this shouldn't have any bearing on the case.
Ironically, if Google can show it's not making much cash out of Android, then that can mean it has less culpability. On the other hand, that tough performance might also become a lever by which critics might begin to question why Google is chasing an enterprise that is going nowhere financially.
Figures from Google documents from 2010 revealed earlier in the trial proved that Google anticipated a loss of $113 million in 2010 from Android and that it predicted to have profits of $64 million in 2011 ; $248 million in 2012 ; and $548 in 2013. The overwhelming majority of that cash will be coming from advertising, with small but growing pc.s also coming from app sales.
Tags: Google SUCKS