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Google teases Nexus Gem smartwatch during Q3 earnings call

Google may have just teased an upcoming smartwatch during the company’s earnings call for Q3 2013.

Talking about the new multi-screen world, Google CEO Larry Page referenced smartwatches, but didn’t give any details as to what type of device the company would be creating.

“People increasingly have more than one device. Screens are proliferating in the home as well as wearable screens like watches and Google Glass”, said Page.

Google has yet to confirm it is working on a smartwatch of its own to compete with the likes of the Samsung Galaxy Gear and Sony SmartWatch 2. However, this is the first time Page has mentioned anything of such a device.

The Google smartwatch, currently known as the Nexus Gem, is expected to launch on October 31 after numerous rumours tipped the date.

Smartwatch references aside, Google raked in $15 billion (£9.3 billion) in revenue for Q3 2013 and $2.97 billion (£1.84 billion) in profit. These figures exceeded analyst expectations by a margin.

“Google had another strong quarter with $14.8 billion in revenue and great product progress,” added Page. “We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device.”

Despite the launch of the US exclusive Moto X, Motorola cost Google $248 million (£154 million) in operating losses.

Page also announced that 40 per cent of YouTube watchers now access the site via a mobile device, up from 6 per cent two years previously.

More successes for Google lie in the Chromebook market, as the laptops are now sold in 8,000 worldwide locations.

The search engine giant’s Research and Development budget has been increased by around $1 billion, and Page only wants that expenditure to grow. Part of his job requires him to spend on long-term R&D projects, including self-driving cars and Project Loon, Google’s balloon-distributed internet scheme.

Next, read our pick of the best Android smartphones of 2013.

Via: Google

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