Google VP pats his company on the back for acquiring Android
Lawee says that buying Android was "the best deal ever" for Google. While strangely enough, the company doesn't get 1 red cent from phone manufacturers like HTC or Motorola for use of the software, Google does make money on mobile advertising. Senior VP of product management Jonathan Rosenberg said "The people who are accessing our products and services through their mobile phones are adding $1 billion to our revenue streams. Clearly, this is the future of search on the Internet." The $1 billion in annual revenue coming from mobile ads is mostly due to another acquisition Google made when it bought AdMob earlier this year for $750 million.