Google's 1st Quarter Profits Above Expectations
If you need anymore signs that the world economy is bouncing back, just check out the revenue reports for the first quarter of 2010 rolling in from various companies. Intel had recently announced a whopping 2.4 billion in profit and now Google is next to release its figures. Guess what, a 37% increase in profit from the previous year's first quarter to 1.96 billion. Hidden among the figures is a little nugget of information, that up to 60k Android devices are sold and activated everyday, which translates to a very healthy growth in Android devices.
BBC - Internet giant Google has reported a 37% rise in first-quarter net profit, beating analysts' expectations. Profit for the three months to March came in at $1.96bn (£1.26bn) compared with the $1.42bn it made a year ago.
For the full story, click here.