Why Is Google Getting Serious About Hardware?

Why Is Google Getting Serious About Hardware?

Why Is Google Getting Serious About Hardware?

Everyone knows Google is the leading search engine, but its ventures into hardware have so far been a mixed bag of results. The company made its intentions clear back when the smartphone era was in its infancy, declaring it would not get into the business of making hardware. However, after several years of standing on the sidelines, the company did an about-face and acquired Motorola Mobility. Then, just two years later, Google changed its mind again and abruptly sold it’s new toy to Lenovo. The company stated it wasn’t ready to be all-in with hardware, so it was going to get completely out.

Several New Products in the Pipeline

So what happened next? Just two years later and Google decided to get back in the hardware race once again. With that decision the company launched its popular Pixel phones and later joined the smart speaker race with its acclaimed Google Home. One can never say for sure, given the company’s track record, but this time it appears Google is in the hardware race to stay. In addition to the Pixel 2 and Google Home, the company has also recently introduced several other new products, including Home speakers, a high-end Chrome laptop and AI-powered headphones and camera, among other things.

Can Google Do it Better Than its Rivals?

So why after all these years of back-and-forth has Google now decided to get back into the hardware game? What’s different this time around? The company isn’t exactly giving specifics but if you listen closely to what executives are saying then you get the picture. It appears Google believes it can make better products than its rivals are currently making. So why is Google feeling so confident? After all, both Samsung and Apple have been dominating the smartphone market for years, and even Amazon has made a successful push with its series of Echo smart speakers. So why does Google think it has the edge?

Artificial Intelligence and Machine Learning

It comes down to two areas, mainly. Right now, the tech world is moving into a different era, with artificial intelligence (AI) becoming increasingly prevalent. In addition, machine learning is also helping power some of the best user experiences, which means Google, is sitting in a good place. The company has been leading both AI and machine learning for quite some time. At the same time, other hardware makers, like Apple for example, are currently not capable of matching Google’s expertise in these areas. Thus, now is a perfect time for Google to make a stronger push into the hardware market.

AI Leading the Way

Artificial intelligence is playing the largest role in Google’s plans, as the company is pushing it in almost every possible device it has. From new ear buds (Pixel Buds) that can translate between 40 languages simultaneously to Google Home Max, which comes equipped with the Google Assistant (one of the best digital assistants available) the company is making big gains in the AI industry. Google even built AI into its new Pixel book and it will be included in its accompanying Pen.

Google In in a Good Position

Of course, there are still challenges ahead for the company if it wants to overtake Apples and Samsung of the hardware world, but with its strong position in the AI industry, chances are the company will succeed.

We hope you found this article about “Why Is Google Getting Serious About Hardware?” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe to our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

 

 

GROCO.com is a proud sponsor of The American Dreams Show.

 

American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Posted in

Small Business Stocks Can Lead to Big Gains

What’s your investment strategy? There is no end to the number of different strategies that investors have, and there are plenty of different successful ways to invest in the stock market. Likewise, Wall Street is full of stories of investors that have ended up on the side of the road, kicked to the curb after…

Four Things to Consider Now for the Upcoming Tax Season

It’s November already. How can that be possible? The more important question is what are you going to do about it? Although it seems like the last tax season just ended a few months ago, the next tax season is just a few weeks away. That means you should already be preparing for your inevitable…

Soccer Star Will Have to Go to Trial for Alleged Tax Evasion

The ongoing tax saga of soccer star Lionel Messi will continue. That news comes after a judge in Spain ruled that the Barcelona FC star would indeed have to stand trial for tax fraud charges in association with his many endorsement deals with foreign companies. The news comes just days after a report stated that…

Common Trust Fund Questions for Beginners

Are you considering a trust fund? Trust funds are a very useful tool for saving and investing money, but a lot of people aren’t totally sure how to use a trust or even how they work. Trust funds essentially hold assets, like property, a business or money, for the benefit of another person, a group…