The Clap
Google revealed its first smartwatch, the Pixel Watch, as well as several other gadgets including a budget phone & headphones.
Why this matters
Without going into detailed specifications of the gadgets, this announcement signals Google’s increased focus on its hardware sales.
Google’s main revenue contributor is advertising, which recorded more than $61 billion in Q4-2021.
Google’s non-advertising revenue, which includes hardware sales, recorded $8.16 billion in the same quarter but grew more than 22% on a 12-month basis.
In fact, Google’s Pixel smartphone hit an all-time sales record despite supply chain disruptions.
