Page, speaking to analysts during Google’s second-quarter earnings conference call, also said that 550,000 Android-enabled phones are activated every day and 160 million people use Google’s Chrome web browser.
Page was careful to put those stats, some of which had already been reported, in perspective. Since Google draws the vast majority of its revenues from advertising, products such as Android, Chrome and Google+ are viewed as long-term investments. They can “generate huge new businesses for Google in the long run,” he said.
Nikesh Arora, senior vice president and chief business officer for Google, said that Android’s growth has acted as “an accelerator to our mobile [advertising] efforts.”
Page slices Google’s business into three categories including search/advertising; products that are having strong consumer success, like YouTube, Android and Chrome, and new products like Google+ and Commerce and Local.
Somewhere outside of that are products that Page calls “speculative,” like driverless cars. “We may have a few small speculative projects happening at any given time, but we’re very careful stewards of shareholder money,” said Page. “We’re not betting the farm on this stuff.”