Stock to Watch : Google Inc (NASDAQ:GOOG) introduces Android TV

Technology Stocks News 15

Google Inc (NASDAQ:GOOG) unveiled its Android TV software at the Google I/O Conference, which will run on set-top boxes.This new innovation from Google (NASDAQ:GOOG) is likely to have a big financial impact on this stock to watch today. Android TV allows users to speak commands to the TV and also features a smart home screen that’s designed to make recommendations to users based on what they watch.This software is able to not only find content in the Google Play store but also with partners Hulu and Netflix.

Google Inc (NASDAQ:GOOG) management have said that they have partnered with Sony Corporation (NYSE:SNE) and Phillips for Android TV. Both companies will be installing the software into their smart TVs. Other partners include LG U+, Razr, Asus and Bouygues.

The companies are also working with other hardware manufacturers to develop set-top boxes for Android TV that are targeted at gamers. With Android TV, Google Inc should be all set to make a major venture, targeting a unique audience.

Google Inc (NASDAQ:GOOG) News: Android TV

Google Inc (NASDAQ:GOOG) said it will launch the Android TV store sometime this fall. The story will connect to Google Play. Users will be able to use the controller that comes with devices loaded with Android TV. Gamers can play multiplayer online games and earn achievements through Google Play.

The software comes after the search giant’s Chromecast, a small device that plugs into TV sets and allows users to stream video from their tablet or smartphone to their TV. But Google Inc (NASDAQ:GOOG) isn’t entirely forgetting about the success it found with Chromecast. Management said Android TV includes support for Google Cast, enabling users to use it similar to the Chromecast device.

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Google Inc Financial News (NASDAQ:GOOG)

Google Inc’s (NASDAQ:GOOG) announcement about the Android TV doesn’t come as a big surprise. The technology community has been buzzing with leaks about the software for quite some time. This announcement should boost the Google Inc stock, with many analysts seeing a major upside for the technology giant. With Android TV, Google seems to be on the verge of a major breakthrough.

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