Google Stock Forecast: Stronger Focus On Hardware Devices Will Help Alphabet Rely Less On Advertising

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First.

Google Stock Forecast

  • Alphabet’s cancellation of its modular phone Project Ara product is understandable. This will allow it to focus more on its high-end Pixel Android phones.
  • Rebranding the Nexus phones to Pixel is just in line with Google’s decision to release its Pixel C Android laptop last year. Alphabet is also set to release a 7-inch Pixel tablet later this year.
  • Like Apple, Alphabet is now thinking like a hardware company that’s out to build a universal brand for its hardware products.
  • The rise of ad-blocking on desktop and mobile browsers requires Alphabet to grow beyond its core advertising business.
  • GOOGL still enjoys positive algorithmic market trend signals. It is therefore worth going long on Alphabet right now.
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