Google Stock: Alphabet Inc Wins $4-Billion Jackpot
By Gaurav S. Iyer, IFC Published: November 30, 2016 By Gaurav S. Iyer, IFC Published : November 30, 2016 Photo: Spencer Platt/Getty Images Most people think the smartphone boom is over, but a new report suggests that Alphabet Inc (NASDAQ:GOOG), also known as Google, can still squeeze a little more growth out of the sector. The "Pixel," its new high-end smartphone, is expected to be a cash cow in 2017. For instance, analysts at Morgan Stanley's (NYSE:MS) research division think that Google will sell five to six million smartphones next year. It will be a massive haul for the company and Google stock, bringing in $3.8 billion from the product release. The trend is already underway. Google is on track to sell three million Pixels before the end of the year, at least according to the preliminary data. Since the phones retail between $649.00 and $869.00, the company could eke out $2.0 billion of revenue this quarter alone.Read full article from Google Stock: Alphabet Inc Wins $4-Billion Jackpot
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