Many analysts credit co-founder and chief executive Larry Page with the rise of Google over the last two years since he took over after Eric Schmidt.
"Android is gaining market share and the latest versions of the Nexus hardware are getting very good reviews," said B. Riley analyst Sameet Sinha, referring to Google's Android mobile operating system and Android-powered smartphones and tablets sold under the Nexus brand. Recent reports also show Google's Android exceeds Apple's iPhone in consumer loyalty. Also reported this week were Google's plans to launch retail stores in the U.S. Page said last month that Google will generate more than $8 billion in revenue from mobile ads, apps and video content this year. Last year Google said it was generating about $2.5 billion from mobile ads.