By John Glenday

Google has brushed off the failure of its Google Glass system by posting a 30 per cent rise in fourth quarter profits to £3.16bn, despite revenues rising just 15 per cent to $18bn – below analysts’ estimates.

The rise of the dollar hurt Google’s final figures, depressing its revenues by as much as $541m due to unfavourable exchange rates.

Investors fret that Google is struggling to translate its desktop advertising success into the mobile arena, a sector which is rising to increased prominence as consumers switch from PCs to their smartphones and other mobile devices.

Jon Myers, managing director of ad Read full story ›

Source: The Drum