Google executive chairman Eric Schmidt predicts there will be more than 1 billion Android smartphones in use by the end of the year

Android to reach 1 billion mark this year: Schmidt

April 18, 2013 – 11:05AM

Alexei Oreskovic

Google executive chairman Eric Schmidt predicts there will be more than 1 billion Android smartphones in use by the end of the year.

The five-year-old Android software has been a huge hit for Google, giving the internet search company a strong footing with consumers who increasingly access the web from smartphones and tablets rather than PCs. Android is now the world’s No.1 mobile phone software, with more than 750 million mobile devices featuring Android in use across the world.

At the current rate, Schmidt said that Google should cross the 1 billion mark within six to nine months and will be “nearing 2 billion in a year or two”.Schmidt also noted Google had no intention of blocking access to the new Facebook Home app, saying he was “phenomenally happy” with the app from Google’s rival, which replaces the homescreen on Android phones. The app was released last week and gives the social networking service prominent placement on Android phones.

Removing Facebook Home from Google’s app store would be counter to Google’s “public statements, our policies, our religion”, Schmidt said at the AllThingsD mobile conference in New York.

Because the Android software is open source, companies are free to tinker with it and customise it to their needs. Facebook’s Home app prominently displays Facebook’s newsfeed and messages on the homescreen, stealing the spotlight from Google’s own services such as web search, maps and email.

Schmidt also said the European Union antitrust regulators were not looking at Android issues and he noted that regulators could be done evaluating a proposal to settle an investigation of the company within the year.

“If that proceeds think it will be a pretty good outcome for everybody,” Schmidt said.

The European Commission, which began investigating Google’s business practices in 2010, said Google may have violated antitrust rules by pushing its own services over those of rivals, copying travel and restaurant reviews from competing sites without permission and restricting advertisers from moving to competing services.

The world’s most popular search engine formally submitted a package of concessions to European regulators last week. Neither the Commission nor Google have given details of the proposals. But people familiar with the matter have said these could include Google labelling its own services to differentiate them from rivals’, and also imposing fewer restrictions on advertisers.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: