Google-parent Alphabet‘s (GOOGL) stock rose a fraction, to 802.79, in the stock market today, and leaks led to early reports of most of Google’s offerings shown Tuesday. Google stock broke out of a flat base at an 813.98 buy point on Sept. 22, so remains within range, though in this volatile market investors should be cautious about any new buys.
Google’s product launch as expected was highlighted by two new “Pixel” smartphones, its “Daydream View” virtual reality headset, and “Google Home,” a rival to Amazon‘s (AMZN) Echo smart speaker.
“Entertainment is at the core of the smart home experience and the integration of the Google Home speaker with Chromecast will be a significant differentiator,” Ronan de Renesse, an analyst with U.K. tech research firm Ovum, told IBD via email. “Vice versa, Google Home will be a great catalyst to Chromecast sales.”
De Renesse also said that while Pixel will outsell Google’s earlier Nexus smartphones, “many hardware (e.g. camera) and software (Google Assistant) features will not remain unique for long enough to make Pixel smartphones stand out in the competitive smartphone market.”
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