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ALPHABET (GOOGL)
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Alphabet : Google looking to launch stores in India to boost Pixel sales

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12/26/2017 | 12:37pm CEST
FILE PHOTO: Google logo on office building in Irvine, California

(Reuters) - Alphabet Inc's Google (>> Alphabet) is looking to launch brick-and-mortar stores in India to boost sales of its Pixel smartphones, the Economic Times newspaper reported on Tuesday, citing three people with knowledge of the matter.

(Reuters) - Alphabet Inc's Google (>> Alphabet) is looking to launch brick-and-mortar stores in India to boost sales of its Pixel smartphones, the Economic Times newspaper reported on Tuesday, citing three people with knowledge of the matter.

Google is exploring the idea of physical stores after finding an encouraging response to more than a dozen pop-up stores opened in malls across the country to showcase the second generation Pixel phones, the newspaper reported.

Google responded to a Reuters query saying that it does not comment on rumors or speculations.

India is the world's second biggest wireless market with 1.2 billion mobile subscribers, which is currently dominated by South Korea's Samsung Electronics Co Ltd (>> Samsung Electronics Co Ltd), and Chinese players including Xiaomi, Oppo and Vivo.

(Reporting Bby Arnab Paul in Bengaluru; Editing by Robin Pomeroy)

Stocks treated in this article : Samsung Electronics Co Ltd, Alphabet
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET 1.38% 1213.08 Delayed Quote.15.16%
SAMSUNG ELECTRONICS CO LTD --End-of-day quote.
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Financials ($)
Sales 2018 136 B
EBIT 2018 32 826 M
Net income 2018 31 217 M
Finance 2018 84 479 M
Yield 2018 -
P/E ratio 2018 27,49
P/E ratio 2019 25,53
EV / Sales 2018 5,53x
EV / Sales 2019 4,45x
Capitalization 838 B
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Mean consensus OUTPERFORM
Number of Analysts 45
Average target price 1 271 $
Spread / Average Target 4,8%
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NameTitle
Lawrence E. Page Chief Executive Officer & Director
Sergey Mikhaylovich Brin President & Director
John LeRoy Hennessy Chairman
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Eric E. Schmidt Director & Technical Advisor
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