“Google had another strong quarter with $14.9 billion in revenue and great product progress,” said Larry Page, CEO of Google.  “We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device.”

The worst news from Google today is that revenues at Motorola continue to fall.

Colin W. Gillis, a technology analyst at BGC, was quoted by The Verge saying that Google has seen a substantial deceleration from the 35 percent annual growth that the company delivered as recently as 2011, averaging around 20 percent in its “last several quarters.”

“We see the slowing core business as a one reason why Google is investing so heavily in new ventures as new products are needed to reignite revenue growth,” Gillis said.

Nonetheless, the news is mostly positive for the company. All told, Google segment revenues were $13.77 billion, or 92% of consolidated revenues, in the third quarter of 2013, representing a 19% increase over third quarter 2012 Google segment revenues of $11.53 billion.

Additionally:

Google Sites Revenues – Google-owned sites generated segment revenues of $9.39 billion, or 68% of total Google segment revenues, in the third quarter of 2013. This represents a 22% increase over third quarter 2012 Google sites segment revenues of $7.73 billion.

Google Network Revenues – Google’s partner sites generated segment revenues of $3.15 billion, or 23% of total Google segment revenues, in the third quarter of 2013, compared to $3.13 billion of Google network segment revenues in the third quarter of 2012.

Other Google Revenues – Other revenues from the Google segment were $1.23 billion, or 9% of total Google segment revenues, in the third quarter of 2013. This represents an 85% increase over third quarter 2012 other Google segment revenues of $666 million.

The post Google Earnings: The Good News and The Bad News appeared first on Mobile Marketing Watch.

Revenue for Q2 came in at $11.1 billion, which was short of the average analyst estimate of $11.3 billion.

Profit before certain items was $9.56 a share, less than the average projection of $10.80. The shares slid as much as 5.7 percent.

What’s more, Google’s average cost per click fell 6 percent as more marketers flocked to mobile rather than the traditional desktop.

“The challenge is for Google to reignite revenue growth as their existing businesses start to mature,” Colin Gillis, an analyst at BGC Partners LP, tells Bloomberg. “The core business is slowing down.”

At one point, shares of Google plunged to $858.80 in late trading after closing earlier that day at $910.68.

The post Google Feels The Burn as Marketers Move to Mobile appeared first on Mobile Marketing Watch.

Following the recent announced terminations of Google Reader and Google Latitude, the Internet search giant confirms that Alfred, the local recommendations app, will be similarly shuttered on July 19th.

Google famously gained Alfred in 2011 through the company’s acquisition of The Clever Sense.

“This is a turn of events from Google’s original plan to leave Alfred open ‘for the foreseeable future,’ as the company told us back at the time of the acquisition,” Tech Crunch reported Friday.

Apart from the fact that Google has a track record for closing down apps after buying them — Wavii, Meebo, Jaiku, Slide, and Aardvark are but a few examples — the company has been gradually consolidating more features in fewer products. In this case, it’s been adding more recommendation features into both its Maps app as well as Google+.

So far, Google has been unusually quiet on plans to close Alfred. In fact, we only learned of the pending closure because the news was posted in a notification in the app itself.

The post Google Giving The Boot to Alfred appeared first on Mobile Marketing Watch.

It may sounds horrific, but Google is a serial killer of sorts when it comes to services. Of course, some of the services were sent to their grave with the full consent of the public. Others, however – like Google Reader – were sentenced to their fate despite outcries from the public.

Alas, no eleventh hour pardon has come for Google Reader. But at least the RSS service that made the ultimate sacrifice is in good company. Below is an infographic from WordStream that shows just how busy Google has been at killing that which they have created.

The post The Google Graveyard is More Crowded Than You Think appeared first on Mobile Marketing Watch.

According to a new Citigroup report, shares of the internet search giant have passed Apple to become the most-owned stock by the 50 largest actively managed mutual funds in the U.S.

Information compiled by Bloomberg shows that Google shares are now trading at roughly 25 times the company’s profits, compared to less than 10 times earnings for Apple.

This is the widest gap observed between Google and Apple since June 2005.

Among hedge funds, Google was also the top holding, according to the report, which examined investments at the end of the fourth quarter for the largest funds by asset size.

As of Friday afternoon, shares of AAPL were trading just south $432, while GOOG is trading just north of $830.

The post Google Gains on Apple as Top U.S. Mutual Fund Holding appeared first on Mobile Marketing Watch.

As shares of Apple remain depressed (trading down again today at $426.18 shortly after noon Wednesday), Google is on fire, trading north of $831 and building momentum with each passing day.

According to data compiled by Bloomberg, Google’s shares are now trading at 25 times profit, compared with a price-to- earnings ratio of less than 10 for Apple.

So what’s giving such a solid boost to Google? Lucrative mobile advertising prospects certainly aren’t hurting.

Investors are willing to pay more for each dollar of Google’s earnings relative to Apple amid optimism that Google, with more than 40 percent of the U.S. online-advertising market, will command even more of the $37.3 billion that businesses spend each year to reach Web audiences. Google also has used an alliance with Samsung Electronics Co. to gain share in mobile software, feeding the competitive threat weighing on Apple as investors await the next big product from the iPhone maker.

“There’s only one company benefiting from all the growth areas of the Internet — be it video, mobile, local, social, display advertising,” Sameet Sinha, an analyst at B Riley & Co, tells Bloomberg. “Apple has just done well in devices, nothing else.”

The post Mobile Ad Optimism Gives Google Renewed Greatness on Wall Street appeared first on Mobile Marketing Watch.

With mobile computing bolstering Google’s growth at every turn, investor optimism has soared in recent months.

“The shares advanced 1.3 percent to $803.55 at 10:18 a.m. in New York, and earlier touched $803.91 for the highest intraday price the company went public in August 2004,” explains Lisa Rapaport of Bloomberg.

Helping drive shares higher are reports that Google will soon open its own line of retail stores, a move expected to closely resemble Apple’s highly profitable retail strategy.

According to analysts speaking with the Associated Press, Google’s recent ascent – climbing 30% on Wall Street in the last 12 months alone – also clearly represents a show of strong faith in co-founder Larry Page, who became Google’s CEO in 2011.

The post Shares of Google Touch Record High Above $800 appeared first on Mobile Marketing Watch.

“In a move that would help Google (GOOG) continue its push beyond the Internet and into the realm of consumer electronics, the company reportedly plans to open its own retail stores ahead of the holidays this year,” BGR said this afternoon.

News of Google going into retail was first reported by 9to5Google.

The mission of the stores is to get new Google Nexus, Chrome, and especially upcoming products into the hands of prospective customers. Google feels right now that many potential customers need to get hands-on experience with its products before they are willing to purchase. Google competitors Apple and Microsoft both have retail outlets where customers can try before they buy.

For the time being, all we are told for certain is that an “extremely reliable source” confirms that Google will open stores in “several major metropolitan areas” across the United States.

Would you be excited to visit a Google retail outlet? Please weigh in with a thought or comment below.

The post Google Reportedly Entering Retail Space appeared first on Mobile Marketing Watch.

In 2013, Schmidt will part ways with stock valued at $2.5 billion. The trading plan will effectively reduce his stake in Google by 42%.

Google will only say that Schmidt is selling the shares “as part of his long-term strategy for individual asset diversification and liquidity.”

The sum total of Schmidt’s shares presently represents 2.3% of Google’s stock.

The sale Schmidt’s 3.2 million Class A shares will take place across the year as a means to mitigate any impact on the market.

In 2012, Schmidt also sold approximately 1.8 million shares of Google.

The post Former Google CEO Selling 42% of His Stake in Google appeared first on Mobile Marketing Watch.