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What the New Phones Mean for Your GOOGL Shares

0 | By Michael A. Robinson

The folks at Google did a press event yesterday in San Francisco in order to announce their latest hardware: new Pixel smartphones, upgraded laptops, a bunch of smart-home products, and even AI-powered wearable cameras. (Those were… odd.)

But will any of it “move the needle” for shares of Alphabet Inc. (Nasdaq: GOOGL)? That’s doubtful, I told the CNBC World audience last night. That’s because, as I said, “Google is not a hardware company.”

So if Google is not attempting to take on smartphone makers like Apple Inc. (Nasdaq: AAPL) and Samsung Electronics Co. Ltd. (OTC: SSNLF), what is it up to here?

To find out what I think, check out my latest appearance on CNBC World

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