Google Inc (GOOG) TV Details Leaked

Google Inc.The initial release of the Google Inc (NASDAQ:GOOG) TV did not take off like many had hoped for; it was expensive, a bit clunky, and needed to improve to become a serious player in the TV industry.  This summer the Google TV team promised more features and drastic improvements, and a sneak peak video that was temporarily displayed on YouTube showed that Google Inc (NASDAQ:GOOG) may be able to live up to the hype this time.  The sneak peak video was publicly posted for a short time before being marked as private.  In the video, Peter Sherman, Google TV Product Marketing Manager, ran through some features that were both innovative and enticing.

The two features that really stood out were second screen integration and improvements to Google Inc (NASDAQ:GOOG) search.  Second screen integration is more than just substituting old remotes for smart phones and tablets.  The application is meant to bring an extra dimension to movies and TV programs.  The second screen (the screen on your phone or tablet) provides extra content, related information, or interactive applications that are linked to your TV.  Improvements to search will allow users to use voice commands to surface content far more effectively than before.  For instance, if you would like to watch Seinfeld, you can make a voice command for Seinfeld and all the episodes from live TV, Netflix, YouTube, Amazon, and other streaming services would pop up as results at the bottom portion of the screen.  The mini-guide feature will open up at the bottom of the screen, and will allow users to continue watching their show on the big screen while flipping through their searches or channels for something else.

Google Inc (NASDAQ:GOOG) won’t be the first company to release a voice-controlled content TV, as Samsung Electronics has TVs on the market that recognizes hand gestures and voice commands with the assistance of a “Smart Touch Remote.”  Samsung is the largest manufacturer of smart TVs, with more than 30% of the global market share.  Panasonic Corporation (NYSE:PC) is also on the innovative front of TVs, as their latest Viera line includes the Nuance Communications Inc. (NASDAQ:NUAN) Dragon TV platform, and allows users to vocalize channel choices or perform Twitter updates.  Nuance is known for their underlying technology behind Apple Inc (NASDAQ:AAPL)’s Siri voice-command service, and they are a provider of voice and language solutions for customers around the world.

In the recent years we have seen a shift in how people use TVs.  The development of several new television initiatives such as Apple TV, the Roku Player, Boxee box and Google Inc (NASDAQ:GOOG) TV are all examples of connecting the Internet-enabled devices.  Expect to see the next wave of television to take another step forward.  The companies in the table above are all key players in the television industry and are working on developing TVs that will have broader capabilities and will change the way we tune in to our favorite shows and channels.

Looking at the table above, Google Inc (NASDAQ:GOOG) has the second highest P/E and EV/EBITDA, making it the second most expensive among the comparables.  The massive search engine company also ranks second in terms of ROA, ROE, and their five year revenue CAGR.  Apple ranks in the middle in terms of P/E and EV/EBITDA, and excels over all the comparables in ROA, ROE, and their five year revenue CAGR.

The initial AppleTV was generally viewed as a better product than the first Google Inc (NASDAQ:GOOG) TV, but tablets and phones have been the main force that has pushed Apple ahead of their comparables.  Panasonic is the second cheapest company in terms of P/E and EV/EBITDA.  The Japan based electronic manufacturer has the second worst ROA and five year revenue CAGR, and the worst ROE among the comparables.

Sony Corporation (NYSE:SNE) is the cheapest company among the comparables in terms of P/E and EV/EBITDA.  The electronic, game, and entertainment company has the worst ROA and five year revenue CAGR, and the second worst ROA among the comparables.  Looking at Nuance, the company is the most expensive, trading at 88.94 times their earnings with a EV/EBITDA of 23.    The provider of voice and language solutions ranks in middle of the comparables in terms of ROA, ROE and five year revenue CAGR.

The leaked features of the new Google TV have led many to believe the new product will be a game changer that reshapes the way people watch TV.  On top of those key features, it’s important to recognize how Google has made strides in turning YouTube into a site that can potentially compete with the major networks.  Even after being shut down by the major cable networks, Google Inc (NASDAQ:GOOG) has made a push to expand their content on YouTube. Today tens of millions of people have created channels on YouTube. Looking at YouTube’s suggested channels bar, the platform has positioned itself to keep users on the site by offering a variety of tailored channels that appeal to nearly every taste and preference.

The appeal of Internet TV will continue to grow as television and software companies push for innovation.  We expect the upcoming Google Inc (NASDAQ:GOOG) TV to be a much better product, as features like second screen integration and improvements to their search are implemented.  Another catalyst for the success of the new Google TV is YouTube’s improved quality in its offerings and expanded content base (Click here to see if Google can compete with cable networks).

We believe if Google can continue to progress in facilitating full-length TV shows, they will be able to leverage their customized channels to compete with major broadcasters.  Google has been at the innovative front in everything from their notorious search engine to the development of the driverless car.  The first Google TV left many with a bitter taste in consumers’ mouths, but if the leaked details are any indication, Google Inc (NASDAQ:GOOG) should impress with the second generation of their device.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!