Google, Microsoft Are Losing Money In Mobile Business
Google, Microsoft Are Losing Money In Mobile BusinessApr 05 2012 - Mobile - Farhad Divecha
According to a recent interview on Bloomberg Television both Google and Microsoft are currently losing money in the mobile sector of their business.
Roger McNamee a technology investor and co-founder of Elevation Partners in Menlo Park, California was recently interviewed by Margaret Brennan for Bloomberg Television. According to his analysis Apple Inc. is the only company that is making a profit on their mobile business at present.
McNamee says that both Google and Microsoft are losing a lot of money just trying to keep up with Apple.
His view is that “In order for other companies to compete with Apple’s iPad and iPhone, they have to go outside of the application model and use the HTML5 programming language to “create a new Web.”
Elevation Partners is an investor in Facebook. McNamee says that Facebook is also losing money as far as mobile is concerned. However, Facebook has a slight advantage over the other websites as several websites sign on new users through Facebook, and these users will eventually gravitate towards mobile.
He also believes that Facebook founder Mark Zuckerberg is the best entrepreneur, even better than Steve Jobs and Bill Gates.
Of course he feels that the losses on mobile are only a temporary situation. He says “I don’t think these guys are going to roll over and let Apple own things forever.”