Google Unveils Record Q3 Profits eBook Industry
This seems to be the underlying theme to Google now that the company has posted record results even despite the economic gloom, and then announced his intention to take over the eBook industry. Highlights are a financial aspect of $ 1.6 billion (£ 1 billion) profit for its third quarter (up 27 percent from Q3 2008) while revenues during the period of three months was a monstrous sum 5.94bn. A profit margin of 27 per cent and the cash reserves now amount to over $ 22 billion!
“The worst of the recession is clearly behind us”, said Google CEO Eric Schmidt. “Given what we’ve seen, we now have the confidence to be optimistic about our future”. With a remarkable quarter after quarter remarkable “confident” seems something of an understatement.
In addition to that Google announced its willingness to storm in space eBook paid next year with “Editions Google” a book exchange online store for free project of Google Books. Editions Google shares will be sold in an open format to both mobile phones and dedicated eBook readers, and given that Google is no half-measures with between 400,000 and 600,000 shares should be ready for launch. This compares to 330,000 currently to Amazon (for the Kindle) and just over 100,000 on the eBook Store from Sony.
“This is a browser-based access”, said Tom Turvey, Head of Partners Program Google Book Search publisher, surprising person. “The way the market will evolve ebook is accessing the book anywhere from one access point of view and also from a geographical point of view. Editions Google allows partners to retail sell their books, especially those who have not invested in a digital platform. We anticipate that the majority [of customers] will go to retail partners not Google. We are a wholesaler or distributor of books”. [via trustedreviews]
This post Google Unveils Record Q3 Profits eBook Industry brough to by Netbook Review. Visit Electronics Review for information about gadget and technology
No comments:
Post a Comment