Google Q2 Call: How Did They Miss? Chief Economist Varian: Consumers Showing Weakness

Google's (NSDQ: GOOG) conference call is getting underway, and it should be an interesting one, following the miss. They spent a good portion of the call talking up mobile activity…

-- Mobile thoughts: Sergey Brin is asked to riff on mobile: revenue per query will vary from market to market. iPhone users do some 30x queries compared to others, though no comments yet on the iPhone 3G. Later an analyst asked whether there would be a total separate marketplace for mobile. Brin: Once you get these phones with capable browsers, there's less reason to separate mobile and regular ads.

-- Wireless Strategy and Android: The last question of the call concerns general wireless stuff: "We want our products on as many devices as possible. (Symbian, iPhone, Blackberries, Windows Mobile)." Android: "We're still very excited… We are still expecting phones shipped by the end of the year." Not much there ultimately. Call is done.

Full coverage of the call is at paidContent.org.

Webcast (4:30 ET) | Transcript (via SeekingAlpha)

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