• Google's Eric Schmidt States "Samsung Got There First" and Calls Competition "Brutal"

    Google chairman, Eric Schmidt, agreed to take part in an interview on Market Makers with co-author and SVP Jonathan Rosenberg as part of a publicity tour for his book, “How Google Works.” What Schmidt should have expected and seemingly didn’t appear to be prepared for was a barrage of questions pertaining to Apple.

    During his interview, Schmidt was dispensed with various questions by co-anchors Stephanie Ruhle and Erik Schatzker about the subject of Apple and Samsung/Google’s rivalry. Ruhle first touched the subject by asking Schmidt about how he felt when he saw the long lines that formed at Apple Stores when the iPhone 6 and iPhone 6 Plus launched last week. He responded by saying the following:

    I'll tell you what I think. Samsung had these products a year ago.
    At that point, Ruhle was quick to point out that Samsung’s Galaxy device launches failed to spark the interest that was witnessed at Apple Stores around the world. Customers appeared to be eagerly lining up to wait overnight and in some cases even days to be among the first to own one of the iPhone 6 models. The Cupertino California company announced weekend sales hitting a record 10 million iPhone 6 and 6 Plus units. When the question was rebuffed, Schmidt repeated himself stating the same answer.

    Schatzker followed the questions by digging into Android’s business model, noting that smartphone manufacturers that license the mobile operating system aren’t able to keep up with Apple’s iPhone revenue. This particular venture is a money maker for Google but the Cupertino California company appears to trump even Samsung when it comes to earning profits. Schmidt responded by stating the following:

    The fact of the matter is you can make a small marketshare with a lot of profits, or you can make the same amount of money with a much larger marketshare with lesser profits. We go for volume in our strategies.
    Schmidt continued by stating that the competition between Apple and Google is “brutal.” According to him, it is the “defining fight of the computer industry today.” With the tech giants going back and forth against one another in the marketplace, Schmidt stated that consumers are the real winners as they are rewarded with innovative products, more choices and lower costs.

    How do you feel about Schmidt’s responses? Both the co-anchors and Schmidt gave responses which are agreeable with.

    Source: Bloomberg
    This article was originally published in forum thread: Google's Eric Schmidt States "Samsung Got There First" and Calls Competition "Brutal" started by Akshay Masand View original post
    Comments 2 Comments
    1. fleurya's Avatar
      fleurya -
      “We go for volume in our strategies.“

      Well of course! They’re a consumer data-mining company. Not a consumer technology company in the traditional sense like Apple.

      93% of Google’s revenue is from ads. That should tell a google product/service “customer” all they need to know. From there, the choice is there is they want to trade in their own personal data
    1. Hondamaker's Avatar
      Hondamaker -
      They had those products a year ago? What kind of smartphone or tablet did they have before 2007, when the first iPhone was introduced?
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