Google says it’s winding down Google Labs, a site where users can try out new products its engineers are experimenting with. Google made the announcement in a blog post entitled, “More wood behind fewer arrows,” the LA Times reports. Google Labs was where the Internet giant first experimented with successful products including Maps, News and Trends – but it now wants to focus on launching fewer products.
Meanwhile Google co-founder Larry Page, who took over as CEO in April, is said to be refocusing the company on products and its “start-up philosophy,” AFP reports. Patrick Pichette, speaking at the Fortune Brainstorm Tech conference, also said investors need not worry about revenue from the Android OS or Google’s Chrome browser.
“Through the reorganization, the realignment that Larry did a couple of months ago, he just wanted to put focus specifically on product,” Pichette said. He went on to say that Google is a “very young company, we are in start-up mode and we are going to invest for the long term.”
Investors are concerned that Google’s revenue is still primarily coming from searches, despite it being 36 months since the launch of Android. Pichette said this was “short-termish,” adding, “That’s just not the way Google thinks.”
Doesn't sound like it this decision will slow them down any. Thank You Parmy and Forbes Tech for sharing.
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