Thursday, March 31, 2016

Nest Revenue Around $340 Million Last Year, but Budget Troubles Ahead | Re/code

Also see Dropcam Founder: Selling to Nest and Google Was a ‘Mistake’ (Re/code)

"Nest generated about $340 million in sales last year, according to three people with knowledge of the matter. That’s an impressive figure for a company in the very nascent market of Internet-connected devices.

But it’s below the initial expectations Google had set for Nest when it bought the startup in 2014 for a whopping $3.2 billion. The company’s sales performance may face even deeper scrutiny inside Google’s new parent company, Alphabet, where Nest now sits, as the hardware maker faces its most critical year ever."
Nest Revenue Around $340 Million Last Year, but Budget Troubles Ahead | Re/code
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