Alphabet, Inc. Just Proved It Really Is Making A Big Bet On Hardware

newsfeedback@fool.com (Daniel Sparks), The Motley Fool
Thu, 09/21/2017 - 3:41pm

Hardware is one of Google's "three most promising bets," right alongside YouTube and Cloud, according to Google CEO Sundar Pichai. And now Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google is taking its investment in its 2016-launched Made by Google products even further. Google is acquiring part of smartphone-maker HTC in a $1.1 billion deal to "fuel further innovation and future product development in consumer hardware," Google said in a press release on Wednesday.The deal has big implications for Alphabet.

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