Google drops the axe on its internal renewable energy work
arstechnica.com
arstechnica.com
> We will continue our work to generate cleaner, more efficient energy—including our on-campus efforts, procuring renewable energy for our data centers, making our data centers even more efficient and investing more than $850 million in renewable energy technologies.
So they're still investing close to a billion dollar in renewable energy.
http://googleblog.blogspot.com/2011/11/more-spring-cleaning-...
Google reported revenues of ~30B for FY10, Apple reported ~60B. That's only an order of magnitude in binary.
Apple makes more money than Google, but no where near an order of magnitude more. It would be more accurate to say they make between 2 and 3 times more (depending on what you call "make money"):
Apple: Revenue = 108.25B, Gross Profit = 43.82B, EBITDA = 35.57B
Google: Revenue = 35.76B, Gross Profit = 18.90B, EBITDA = 13.45B
Perhaps I'm just taking it personally. Nonetheless, mistake. 1) Google becomes ever more "just a web site company". (Well, and phones that access the web and apps hosted on the web.) 2) Google's starting to throw over its non-web projects the same way it's been discarding its web projects and acquisitions. This pattern may begin to seriously shake others' belief in and commitment to long term investments in their products and technologies, in both areas.
Whatever their future, the blush is off the rose (or however that metaphor's supposed to go), IMO.
Or maybe I'm just pissed that the U.S. cannot manage a coherent "next generation" energy policy, and the last player I had any hope in just got out.
P.S. I guess I should qualify this by saying my opinion is not tne most informed. So, again, this is in the nature of a personal reaction.
FYI, the problem with developing renewable energy is not the actual energy production itself. Every inventor out there has a "better" turbine to try, The barriers lie in regulatory limitations and the massive amount of capital needed to build out projects.
Of course this is all speculation, i don't have any inside info.
Although I'd love a self-driving car, and I think it will certainly save a lot of lives.
The more things change, the more they stay the same...