Latest news with #AlphabetInc.
Yahoo
2 days ago
- Business
- Yahoo
Google To Launch Direct Sales and Physical Stores in India
Alphabet Inc.'s (NASDAQ:GOOGL) Google has joined Apple in enabling direct hardware sales in India. On May 28, the company began direct sale of Pixel Phones, watches, and earbuds in India ahead of an official launch in physical stores. Over the years, the company has sold its products through authorized retailers and e-commerce platform Flipkart. Pixabay/Public Domain Media reports indicate the search giant is exploring various locations where it plans to set up its first physical stores outside the US. By setting up physical stores in India, Google is following in Apple's footsteps, targeting billions of dollars in hardware sales. Physical stores will allow the company to showcase its products and directly interact with customers. The company has already started manufacturing the Pixel smartphones, which cost between $360 and $1,900 in India. Manufacturing in India underscores Google's increased focus on the Indian market as it looks to unlock new revenue opportunities. However, the company will have to take on Apple, which dominates India's premium smartphone market with about 55% of the market share. While Google's Pixel smartphone accounts for a 2% market share, there is room for growth, given that India is one of the fastest-growing markets with over 700 million smartphone users. Alphabet Inc. is a technology company that manages a diverse portfolio of businesses. It's the parent company of Google, which includes well-known products like the Google search engine, YouTube, and Android. While we acknowledge the potential ofAlphabet Inc. (NASDAQ:GOOGL) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and. Disclosure: None. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Google To Launch Direct Sales and Physical Stores in India
Alphabet Inc.'s (NASDAQ:GOOGL) Google has joined Apple in enabling direct hardware sales in India. On May 28, the company began direct sale of Pixel Phones, watches, and earbuds in India ahead of an official launch in physical stores. Over the years, the company has sold its products through authorized retailers and e-commerce platform Flipkart. Pixabay/Public Domain Media reports indicate the search giant is exploring various locations where it plans to set up its first physical stores outside the US. By setting up physical stores in India, Google is following in Apple's footsteps, targeting billions of dollars in hardware sales. Physical stores will allow the company to showcase its products and directly interact with customers. The company has already started manufacturing the Pixel smartphones, which cost between $360 and $1,900 in India. Manufacturing in India underscores Google's increased focus on the Indian market as it looks to unlock new revenue opportunities. However, the company will have to take on Apple, which dominates India's premium smartphone market with about 55% of the market share. While Google's Pixel smartphone accounts for a 2% market share, there is room for growth, given that India is one of the fastest-growing markets with over 700 million smartphone users. Alphabet Inc. is a technology company that manages a diverse portfolio of businesses. It's the parent company of Google, which includes well-known products like the Google search engine, YouTube, and Android. While we acknowledge the potential ofAlphabet Inc. (NASDAQ:GOOGL) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Alphabet Inc. (GOOG) Stock Moves -0.34%: What You Should Know
Alphabet Inc. (GOOG) closed the most recent trading day at $173.38, moving -0.34% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.56%. Elsewhere, the Dow lost 0.58%, while the tech-heavy Nasdaq lost 0.51%. Heading into today, shares of the company had gained 7.36% over the past month, lagging the Computer and Technology sector's gain of 11.21% and the S&P 500's gain of 7.37% in that time. Analysts and investors alike will be keeping a close eye on the performance of Alphabet Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $2.12, reflecting a 12.17% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $78.86 billion, up 10.51% from the year-ago period. For the full year, the Zacks Consensus Estimates are projecting earnings of $9.47 per share and revenue of $331.17 billion, which would represent changes of +17.79% and +12.22%, respectively, from the prior year. It's also important for investors to be aware of any recent modifications to analyst estimates for Alphabet Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.73% higher. Alphabet Inc. is currently a Zacks Rank #3 (Hold). From a valuation perspective, Alphabet Inc. is currently exchanging hands at a Forward P/E ratio of 18.38. This indicates a discount in contrast to its industry's Forward P/E of 19.93. We can also see that GOOG currently has a PEG ratio of 1.31. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GOOG's industry had an average PEG ratio of 1.37 as of yesterday's close. The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 83, placing it within the top 34% of over 250 industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alphabet Inc. (GOOG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hindustan Times
4 days ago
- Business
- Hindustan Times
Texas adopts child safety bill despite Apple CEO Tim Cook's personal plea
Texas Governor Greg Abbott signed an online child safety bill, bucking a lobbying push from big tech companies that included a personal phone call from Apple Inc. Chief Executive Officer Tim Cook. The measure requires app stores to verify users' ages and secure parental approval before minors can download most apps or make in-app purchases. The bill drew fire from app store operators such as Alphabet Inc.'s Google and Apple, which have argued that the legislation threatens the privacy of all users. Also Read | 120-year-old iconic Texas dance hall for sale one year after abrupt shutdown The bill was a big enough priority for Apple that Cook called Abbott to emphasise the company's opposition to it, said a person familiar with their discussion, which was first reported by the Wall Street Journal. The measure was patterned after Utah's App Store Accountability Act, which took effect earlier this year and placed similar requirements on software markets, said Angela Paxton, a Texas state senator who authored the bill. 'This puts tools in the hands of parents to make decisions for their children,' said Paxton, who, like Abbott, is a Republican. Also Read | Who are Abdul Murshid and Muhammad Nasir? Pakistani nationals in Texas held for visa fraud in US, Kash Patel responds Abbott's office echoed her view, saying in a statement that the new law will enable Texas to 'empower parents to have more control over the online content their children can access.' Alphabet said it was assessing next steps. Apple said it values child safety but expressed concern that the legislation would unnecessarily erode personal privacy. 'We believe there are better proposals that help keep kids safe without requiring millions of people to turn over their personal information,' the company said in a statement.
Mint
5 days ago
- Business
- Mint
We Can't Afford to Rush the March of AI Agents
(Bloomberg Opinion) -- If there was a singular buzzword to emerge at Asia's largest tech conference last week, it was 'agents.' I jotted it down more than a dozen times from various executive talks and seminars at Taiwan's Computex. Nvidia Corp. Chief Executive Officer Jensen Huang described them as future 'digital employees.' An executive at a semiconductor firm referred to agentic AI as 'the next paradigm shift.' I watched countless demo videos featuring bots taking on increasingly complex tasks in users' work and personal lives — from putting together a marketing presentation to turning off the lights in your child's bedroom after they've fallen asleep. You may be interested in The industry push behind agents, tools that go beyond chatbots to being able to execute a range of actions on their own, isn't new. The sector has spent the better part of the last six months promising that this is the year of AI agents. But the hype train seemed to kick into overdrive last week, with a spate of global headlines from Alphabet Inc.'s Google, OpenAI, as well as Tokyo-based Sakana AI and Chinese startup Manus. Still, there remain foundational cracks that will hold them back in the near term. And that's a good thing. For decades, the idea of giving computer systems too much autonomy was mostly presented as a science fiction-esque scenario that usually doesn't end well for humans. In the earlier days of the current boom, business leaders focused on how the technology will not replace workers, but rather assist them as copilots. So it's worth unpacking why the rush for agentic AI has evolved into a full-steam ahead race when concerning patterns continue to emerge. The simple answer is that these companies are trying to make money. Nearly every discussion of AI agents at the conference was followed by a thinly veiled pitch to enterprises on optimizing business performance. The pressure is on for tech companies to start proving there is a valid path to profitability following all that investment and infrastructure spending. And it isn't consumers who will pick up the tab, but enterprises. Yet the public's faith in the technology is falling. A global report from KPMG found the perceived trustworthiness of AI systems fell to 56% in 2024 from 63% in 2022. Without building a foundation of trust and a basic framework of accountability, these agents will never be able to replace human workers or take on sophisticated tasks on any kind of scale. The researchers found that organizations can build confidence by investing in responsible governance mechanisms that adhere to international standards. This also means policymakers must keep pace. Apart from Europe, many regions have been slow to roll out regulations for fear of stifling progress. But there needs to be some guardrails in place. There are other technical kinks to be worked out as well. A key concern is how to give these tools permission to access various websites that have worked tirelessly to keep non-human users out. Granting a bot entry to anything that requires a password or human authentication to access, such as payment information or sensitive data, while maintaining security has proven difficult. It will require a whole-of-industry rewiring, not to mention the resource strain. The evolution from 'simple chatbots to reasoning models to agentic AI will require several orders of magnitude more processing capacity,' research firm IDC said in March. When I recently tried a demo of the viral Manus AI agent, I was impressed by much of what it was able to do, but it easily got tripped up over tasks that would be very simple for a human — such as filling out an online form to make a restaurant reservation that required my credit card number. At the same time, I didn't feel comfortable sharing this sort of information with a bot and then letting it run free on the internet. Giving software programs new autonomy opens the door for an enormous amount of risk. One-too-many viral examples of agents going rogue or messing up will further erode trust and slow widespread adoption. A cautious approach is also imperative as this transition impacts peoples' livelihoods. For this next phase of AI to be successful, it must unfold as a marathon and not a sprint. More From Bloomberg Opinion: This column reflects the personal views of the author and does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. Catherine Thorbecke is a Bloomberg Opinion columnist covering Asia tech. Previously she was a tech reporter at CNN and ABC News. More stories like this are available on
