Q4 ’19: Google: Volume Up but Remain in Red

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Report Summary:

Google posted a strong quarter in Q4 2019 with a +29% YoY growth by shipment volumes. Google launched Pixel 4 series in October, which were sold well during the holiday season, accompanied with the vendor’s channel expansion. Despite of the robust growth in volume and ASP, Google still posted loss for its smartphone business. Google need to further expand distribution partners and regional footprints to scale up volumes.

Table of Contents

1. Executive Summary
2. Quarterly Financial Charts
3. New Model Analysis
4. Recommendations and Forecast
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6. Analyst Contacts

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