Report Alphabet: lost $ 3 billion due to taxes, but doubled the supply of products

Google reported on the achievements for the fourth quarter of 2017

Report Alphabet: lost $ 3 billion due to taxes, but doubled the supply of products

The company Alphabet shared its results for the 4th quarter of 2017.

What was told

The company's revenue increased by 24% compared to the same quarter of 2016 ($ 26 billion) and amounted to 32.3 billion dollars, but the net profit for the entire fiscal year decreased by 3 billion dollars. This happened as a result of the US Taxation Act. The company had to pay 9.9 billion dollars to the state.

If we talk about products, then everything is better. The shipments of devices doubled, compared to the same quarter last year. This list includes all the devices presented on October 4: Pixel 2, Google Home Mini and Pixelbook. Most likely, the largest share fell on the smart column of Google Home Mini, because it costs a little money, unlike Pixel smartphones and Pixelbook laptop.

In the dry residue

After the publication of the report , the company's shares fell by only 4%. The news did not frighten investors much, because The reason for the decline in profits is mainly related to taxes.

Recall that recently, Google closed the deal to buy part of the mobile unit HTC for 1.1 billion dollars.

Source: AndroidPolice

Share: