As recessionary fear and paranoia grips businesses in the USA and UK, Google does what Google does best, defies the market and paves its own way. Revenue has soared 42% in the first 3 months of this year from $3.66bn to $5.19bn. Profit has risen to $1.31 million, which is 30% higher than the first quarter of 2007.
For the last quarter of 2007, Google's profit increased $608 million to $1.21 billion. But yet many analysts are disappointed, expecting Google's profit to increase by even more.
This week Google has revealed its plans to enter the mobile phone market and it aims to "bring the internet into cell phones in a very cool way". The mobile market reached saturation point in the developed world long ago, but if one company can give it a massive shake up, its Google.
Google is on the warpath again, with an Adwords update last night that has the intent on wiping out more affiliate marketers. Google did this last year and outraged many affiliate marketers and some packed there bags and left the building.
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