It has been more than ten years since Google Inc (NASDAQ:GOOG) acquired Android. At the time, the startup was doing what it still does this day, creating software for mobile phones.
At the time of the acquisition, neither of them had any idea that Android would grow to become the phenomenal software giant that it is today. Ten years later, Android has the most used mobile operating systems in the world, rivaling giants such as Apple Inc. (NASDAQ:AAPL) and BlackBerry Ltd (NASDAQ:BBRY).
Towards the end of 2014, a survey revealed that Android occupied more than 53% of the total market. Apple iOS, on the other hand, commanded 41.6% as stated by ComScore. In terms of the number of devices shipped around the world, Android had more than 1.05 billion units in June 2014 while iOS units amounted to 192.7 million. This brought Android’s dominance up to 81.5% while iOS dropped to 14.8%.
In 2010, David Lawee, an executive at Google described the acquisition of Android for $50 million as the best deal the company has ever gotten. Now it is easier to understand that statement though it is not the only significant acquisition that the company has gotten since then.
One of the most significant drive behind Google’s success with Android is their ability to adapt and change. Whether it is individual application updates or the whole OS update, Google has always been on top of the game to give users the best experience. What’s more, the updates are always been timed correctly. Every time there is a new update, developers make sure it is better than the previous one. Additionally the updates are mostly oriented towards making the services more user-friendly.
Over the years, there have been numerous OS updates since the first one was introduced. There were earlier versions such as the Android Cupcake (1.5), and the Android Froyo(2.2). With each introduction, Android became more popular. The latest versions including the KitKat and Lollipop created a buzz during their respective launch. This is because users were eager to see what will come next.
This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.