Report
Ali Mogharabi
EUR 101.80 For Business Accounts Only

Google Continues Its Pursuit of Recognition in the Smartphone Market by Bringing on Board HTC Talent

Alphabet’s Google announced it is purchasing HTC’s Pixel-only talent and non-exclusive rights to some of HTC’s IPs for approximately $1.1 billion in cash. In our view, this deal represents Google’s further emphasis on its end-to-end consumer hardware development strategy as price is no longer a differentiator for Google. We think the firm is targeting the smartphone and overall consumer hardware market more aggressively to maintain and/or grow its dominance in the online search market. We believ...
Underlying
Alphabet Inc. Class A

Alphabet is a holding company. Through its subsidiaries, the company is engaged in a collection of businesses, which its primary business is Google. The company reports all non-Google businesses collectively as Other Bets. Google's main products and platforms are Android, Chrome, Gmail, Google Drive, Google Maps, Google Play, Search, and YouTube. The company also provides advertisers with tools that help them attribute and measure their advertising campaigns. In addition, Other Bets includes Access, Calico, CapitalG, GV, Verily, Waymo, and X, among others. Other Bets primarily engages in the sales of internet and TV services through Access as well as licensing and research and development services through Verily.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Ali Mogharabi

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