Google reported stronger than expected second quarter results after the close of the market on Thursday and shares have spiked as result. The market is focused on improved YouTube ad sales and mobile search business, but we keep a narrower focus on the Google Play store — which is reported in their smallest revenue line, the humble “other revenues.” That segment had sales of $1.704 billion for the quarter, up 17 percent (or almost $250 million) compared to a year ago. The company said the numbers were “driven by substantial growth in Play offset by decline in the hardware sales.” (Chromebooks […]
