Google parent company Alphabet Inc (NASDAQ:GOOG) is gearing up for its biggest product launch event in history. Here’s what investors can expect to see tomorrow.
The event’s biggest attraction will almost certainly be Google Home, which is Google’s new connected speaker device. Set to compete directly against Amazon’s Echo speakers and Alexa voice command service, very few details about Home are available at this time. That will all change tomorrow as the company unveils the device, which is expected to feature its new Assistant service that will help users with search queries, home appliances, music, and much more.
Another big product Google is slated to announce tomorrow is its new mobile phone, dubbed Pixel. The company is moving away from the “Nexus” branding of previous generations, and will reportedly offer its first two new phones, Pixel and Pixel XL, very soon. The XL version predictably has a larger screen, and both options will include the latest version of the Android mobile operating system called Nougat.
These new phones could very well mark Google’s plans to begin producing its own hardware. While Pixel will be made by HTC, the company is reportedly looking into manufacturing its own phones in the near future.
Google will likely also unveil a new version of Chromecast, its streaming media device. The new version will likely support 4K resolution.
Additionally, the company will reportedly present a virtual reality headset designed for use with Android phones. Earlier this year, Google announced a VR platform called Daydream, and the new headset will be the first Daydream-focused peripheral. It also will probably include a wireless remote for interacting with VR apps.
Other potential product announcements include a mash-up of the Chrome and Android operating systems, a Google-branded router, and a new 7-inch Android-powered tablet.
We’ll be sure to follow up on the event after it happens, and clue investors in on the most important highlights.
Alphabet shares fell $6.35 (-0.79%) to $797.71 in Monday morning trading. Year-to-date, GOOG has gained 2.35%, versus a 6% rise in the benchmark S&P 500 during the same period.