Google (NASDAQ GOOG) is going to enter the wireless market. The search engine giants have always been innovative in terms of their products and services. Therefore this latest venture from Google does not come as a giant surprise. Google has been known to enter niche markets and then they go on and change a lot of its landscape. Google would be hoping to do the same to the wireless market.
With the spectrum allocations going on in full flow, it makes full sense for Google to enter this Wireless market. It would be intriguing to see what progress this search engine giant makes in the coming months.
Here in this article, we will take a look at what lies ahead for Google and how entering the wireless market would certainly increase the revenue stream for Google. It would also be interesting to look at the changes that would be brought into the wireless market due to Google’s entry.
Google Inc (NASDAQ GOOG) News:
Companies in the wireless market have been providing services at the cheapest rates possible in order to gain customers. Google can also be expected to use cost undercutting tactics. Some of the major competitors for Google include the likes of Verizon, who declared Google as “just another competitor”.
Google have maintained that their main aim behind entering the wireless market is to increase its searching speed. Google gets its major portion of revenue from search engines and therefore an increase in speed can lead to an increase in audience. An increase in customer satisfaction would also be a result from such a venture. Thus, the whole process of Google’s entrance in the wireless market looks very promising indeed.
Google Inc Financial News (NASDAQ GOOG)
Google (NASDAQ GOOG) has been performing rather consistently off late in the stock markets. With its latest venture in the wireless markets, Google stock should see further positives in the coming months.
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