Google shares latest financial report, talks Nexus 6 shortages
The parade of companies announcing the details behind their latest financial performance continues on this evening, following the reports we’ve already seen out of Apple, Samsung, LG, Microsoft, and more. Now it’s Google’s turn to let everyone see how it’s been doing, as it releases numbers for not just the past quarter, but also 2014 as a whole.
Quarterly revenue hit $18.1 billion, up from $16.86 billion during the same period one year prior. Net income was at $4.76 billion, also up from 2013’s Q4, which only made Google $3.38 billion. Looking at the full year, Google saw revenue of $66 billion – yet as large as that number is, it still falls short of Apple’s record-setting quarter, which is just positively dwarfing everyone else.
We also get some insight into the international aspects of Google’s business, with the company sharing the note that about 56 percent of its quarterly revenue came from outside the US – that level’s fluctuated in recent quarters, but is still just about right where it was a year ago.
While Google’s sale of Motorola means that we don’t get a ton of smartphone-specific data in here, the company’s call with investors did reveal a few useful tidbits. Among them, the company acknowledges the “real issues” that have limited its ability to sell as many Nexus 6 handsets as both it and consumers might like, talking about being “unable to secure sufficient inventory to meet the demand that we had forecasted.”