GOOGL’s stock price is trading at $100.74 as of 12:01 PM EDT.
Samsung ( OTCPK:SSNLF ), which is Google’s biggest customer, is reportedly working harder on making its own gadgets because it is worried about the success of the iPhone and the fact that Apple ( NASDAQ:AAPL ) is losing market share to Samsung ( OTCPK:SSNLF ).
Information says that Google ( NASDAQ:GOOG ) ( NASDAQ:GOOG L) is moving some of its product development and software engineering employees who were working on features for non-Google hardware to work on Google-branded products. The information was based on a Google internal memo and told about the company’s plans.
Potentially, Google’s (( NASDAQ:GOOG ) (( NASDAQ:GOOG L) approach could include transferring certain personnel from departments like the Android Automotive operating system to work on Google-branded gadgets. Some executives have predicted that Android Auto might bring in $1 billion for the business compared to the company’s overall revenue.
The news source claimed that engineers from Google’s (GOOG) (GOOGL) TV software projects may also switch to work on Google-branded products. Seeking Alpha contacted Google for comment, but they did not react right away.
According to the report, Google ( NASDAQ:GOOG ) ( NASDAQ:GOOG L) is not discontinui...
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