Google eked out slightly higher earnings in the fourth quarter, despite a financial drag caused by the Internet search leader’s expansion into device manufacturing and a decline in digital ad prices as more people gaze into the smaller screens of smartphones.
Google said it is expanding its plan to cut jobs from its Motorola Mobility unit outside the U.S. and will take $390 million in charges related to the layoffs.
Apple fans are anticipating reports that a new iPhone will be unveiled next week, but the rumors alone are enough to convince their competitors to announce their own products early.
Google is cutting about 4,000 jobs at its Motorola Mobility wireless phone business and will close or consolidate about one-third of Motorola’s 90 locations.
Google said authorities in China have approved its acquisition of Motorola Mobility. This brings the Internet search giant closer to completing its biggest deal ever.
A judge for the U.S. International Trade Commission has ruled that Apple infringed a patent held by Motorola and dismissed the rest of Motorola’s claims.
U.S. regulators have approved Google’s $12.5 billion bid for Motorola Mobility. The announcement comes just hours after Google won clearance in Europe.
In a sign that the Google-Motorola deal could face heavy antitrust scrutiny, Google included an unusually high breakup fee in its deal terms, according to a document filed with the Securities and Exchange Commission on Thursday.
Consumer technology companies reporting financial results this week are looking like rowboats bobbing in the wake of Apple Inc.’s supertanker.
Apple still remains king of the hill when it comes to tablets. Sales figures show that Motorola Mobility has sold 100,000 Xoom’s, which was one of the first serious challengers to the iPad. In comparison, Apple sold 300,000 iPad’s on its day of release.