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Do you think Google stock is up because of this announcement? It's not like they generate most of their revenue from Pixel phones, or Android overall.
by apparent 1y ago
Do you think Google stock is up because of this announcement? It's not like they generate most of their revenue from Pixel phones, or Android overall.
- booleanbetrayal 1y agoI think people trade on announcements like this, regardless of the full financial picture.
- blitzar 1y agoYes, a move in the global share of mobile phones a few percentage points from apple ecosystem to google ecosystem is even more important now Ai is the denominator in every valuation.
- booleanbetrayal 1y agoThis in a nutshell. I think the long and the short of it (place your bets) is that it could be perceived that Apple has lost its foothold on this ever-important (tm) share of the AI marketplace, whereas Google is happily integrating Gemini into all of its services, in a way that is actually functional / useful, with the most obvious entry point being its own Pixel hardware. They just dodged a regulatory bullet, partly due to AI competitiveness, but maybe they're not going to be on the whipping end of that sea change, after all ...
- blitzar 1y agoOne small disagreement - the most obvious entry point is one of the 3.5 billion android devices in the world (against apples 1.5b) The relatively small changes in share price (~ -2% vs +2%) is likely just some optionality coming out of the respective company valuations for the small probability apple announced something big like Ai that works or a $400 phone for the mythical people who don't live in silicon valley and make 7 fig salaries.