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All Posts Term: Nest
1 post(s) found

Google Stock Stuck in 2014 For Now

Nov 04 2014
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Nest

Google stock has not seen much movement during 2014 even with revenue growth of 20% last quarter and earnings growth of 14% during the same time period compared to last year. But the company has moved into a leadership role in the new area that is set to explode in the coming 5 years, the Internet of Things (IoT). Smart homes are thought to take IoT on a annual growth rate of 67% in the next five years. This movement to a $2 billion unit industry will out pace the current darling, mobile devices. This relates to a $409 billion revenue market in 2019 from the current %61 billion market today. Google hopes to be the leader in this market while still focusing on its core search business.

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