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Alphabet’s Google Concludes Hardware Event: Key Takeaways

Zacks

Alphabet Inc.’s GOOGL Google wrapped up its Oct 4 event, giving clear indications of its increasing appetite for AI and hardware and the fact that it is taking competition more seriously.

We have covered some of the major announcements to give you an indication of where the company is headed.

We observe that Alphabet has gained 24.3% year to date, outperforming the S&P 500’s rally of 13.8%.


Pixel 2 and Pixel 2 XL

Pixel 2 comes with a 5-inch screen, 1920 x 1080 OLED display in "kinda blue, "clearly white" and "just black" colors. It is priced at $649 for the 64GB version and $749 for the 128GB version.

Pixel 2 XL, the larger version of Pixel 2 has a 6-inch screen and 2880 x 1440 smart OLED display. It is available in black and black-and-white variations and priced at $849 for the 64GB version and $949 for the 128GB version.

Alphabet Inc. Revenue (TTM)

It has an "always on" display (like the normal Pixel 2), a portrait mode feature on the front and rear camera, water resistance, fast charging, and slimmer bezels than the Pixel 2.

Both include Qualcomm Snapdragon 835 processor, 4 GB RAM, 12.2-megapixel rear cameras featuring laser autofocus, optical and electronic image stabilization and dual-pixel phase detection. These also have 8-megapixel fixed-focus front camera. Google removed the headphone jack from these phones.

Google Home Mini and Max

Google Home Mini is a smaller version of Google Home to compete with Amazon’s AMZN Echo Dot. The device comes in coral, fog, and charcoal colors and priced at $49.

Google Home Max is a bigger and more powerful (in terms of sound) version of Google Home and comes with a stereo speaker with two 4.5-inch woofers. It comes in black and white colors and is priced at $399.

Pixelbook

Pixelbook is a new 2-in-1, laptop-tablet hybrid from Google designed to compete with Microsoft MSFT Surface. It has a 12.3-inch display, is super-thin with 10 mm thickness, weighs 2.2 pounds and comes with built in Google Assistant.

Its price starts at $999 and can go up to $1,649 for double the RAM, 512GB NVMe, and a seventh-generation Intel i7 processor. It supports a $99 pressure-sensitive stylus called Pixelbook Pen.

Google Clips

It’s a wireless camera that can connect to a phone and shoot photos and videos using AI. The device has a 130-degree field of view, 16 GB storage and doesn’t need an Internet connection to function. It is priced at $249.

Pixel Buds

These are Google Assistant powered wireless headphones, the company’s answer to Apple AAPL AirPods. Priced at $160, it is available in the same colors as Pixel 2 and comes with a recharging pack and Google Translate built-in that can do real-time translation in 40 different languages.

Daydream View

Next up is the latest Daydream View headset for $99 (previously $79). Things get a bit pricier around here for a wider field of view, face mask, color choices and a more immersive viewing experience.

It is compatible with Pixel 2, LG V30, Samsung Galaxy S8 and Note 8.

To Conclude

This is Google’s second hardware event and just like last year, the company came up with some notable products and updates.

The tech giant’s speed and scale of technological improvements clearly indicate that it refuses to rest on its past laurels and continues to adapt to changing market trends.

Alphabet carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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