Google buys startup Raxium for future AR, MR devices

  • Alphabet 's (GOOG, GOOGL) Alphabet unit has agreed to a deal to buy Raxium, a startup that develops light-emitting diodes for augmented and mixed reality devices, according to The Information.
  • The news outlet, which first reported on the pending deal, noted that the acquisition could be a sign that Alphabet (GOOG, GOOGL) wants to own more components of devices it builds.
  • The purchase price of the deal was not reported
  • Two of Alphabet 's largest competitors, Apple (NASDAQ:AAPL) and Meta Platforms (NASDAQ:FB) are reportedly developing or developing their own augmented reality headsets.
  • Earlier this year, it was reported that Apple (AAPL) was already working on a second-generation version of its AR headset, which could be released in 2024.
  • Alphabet (GOOG, GOOGL) recently announced its intention to acquire cyber security firm Mandiant (NASDAQ:MNDT) in a deal valued at $5.4 billion.

    Over the current book year the total revenue from the company in Mountain View will be 299.24 billion USD (consensus estimates). The expected revenue would be the highest in her history. This is hugely more than 2021's revenue of 257.64 billion USD.

    Historical revenues and results Alphabet plus estimates 2021

    fundamantele data

    The analysts expect for 2022 a net profit of 74.56 billion USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 111.51 USD. The price/earnings-ratio therefore equals 21.04.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the publishers is a relatively high 1.99 percent.

    Based on the current number of outstanding shares Alphabet 's market capitalization is 705.72 billion USD. 2

    At 17.28 the stock trades 1.69 percent lower at 2346.68 USD.

    Historical stock prices Alphabet past 12 years

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