Android Contenues to loose money even with $97.7 MILLION In Q1
Rob Houglum LeadLinkMedia.com Friday, May 04, 2012
Google has long been pretty wary about the financials behind its Android mobile OS and info that has appeared over the past week could give us an intimation why : it has been losing money from Day One.
In the legal action 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 endeavoring to work out what sort of damages might be awarded to Oracle. That case took a turn for the specific yesterday, when Judge William Alsup ( as reported by Reuters ) read out excerpts of Google documents that determined the platform produced a net loss for every quarter of 2010 and "a big loss for the whole year".
He also noted that Android generated around $97.7 million in money in the first quarter of 2010.
The jury began their deliberations on Monday, and if they cannot come to a unanimous call, then the trial will go on to its second phase, concerning patents, with the 1st phase on copyright afterwards facing a retrial.
What quantity of cash Google has or hasn't made is a very important part of the case as it may be used to decide how much Oracle can probably receive in damages if it wins the case although Oracle contends that even if Android is making a loss, this should not have any bearing on the case.
Ironically, if Google can show it isn't making much cash out of Android, then that will mean it has less liability. From an alternative perspective, that difficult performance might also become a lever by which critics might begin to ask why Google is chasing an enterprise that is going nowhere financially.
Figures from Google documents from 2010 made public 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 vast majority of that money will be coming from advertising, with little but growing percentages also coming from app sales.
Tags: Google SUCKS