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Added on the 27/10/2016 23:43:44 - Copyright : Reuters EN
According to Business Insider, Google doubled its capital expenditure. The company spent $25.8 billion in 2018. That included spending on offices and tech infrastructure. Its cloud unit also got the lion's share of new hires in the quarter, the CFO of parent company Alphabet said. Google said it launched its 18th Google Cloud region in the fourth quarter and pointed to plans for continued expansion in the US and abroad. Amazon spent $11.3 billion cash on capex in 2018, split between fulfillment operations and AWS. And Microsoft said it spent $16 billion.
There was a time when the Amazon Echo was the only smart speaker on the block, but times are changing as Google Home and Apple's Homepod give Amazon Echo a good bit of healthy competition. As far as price points go Amazon may still be winning in the minds of frugal consumers. Apples Homepod which will be available later this year comes with a price tag of $349 a pop which Apple says is justified based on the extra bells and whistles that will make this speaker stand out above the rest. Features of all the Smart Speaker options include, streaming music directly from your phone or tablet, and popular online music services as well as having a smart assistant built-in to the products.
Google had a host of new features to announce for its smart home speaker, Google Home, at this year’s Google IO. From offering proactive notifications, to free phone calls, expanding its music support and offering visual responses to queries, Google is working hard to expand its smart speaker’s functionality. But what was surprising about many of the announcements is how closely they mirror similar ones made by Amazon with its Amazon Echo in the past couple of weeks.
Tech titans Amazon and Alphabet reported strong earnings results after the close on Thursday. Stocks were mostly higher in the regular trading session. Bobbi Rebell reports.
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