Google: Android Will Earn $10 Billion A Year

Google CEO Eric Schmidt believes that the company's Android mobile OS can earn the company $10 billion each year, the Wall Street Journal has reported.

In an interview with the Wall Street Journal, Schmidt said that the Android platform has the potential to generate $10 billion a year from advertising and download sectors alone.

"This can be a powerful business, a 10-plus billion dollar business per year for Google. If we have a billion people using Android, you think we can't make money from that?” asked Schmidt in the interview.

According to Schmidt, around 160,000 Android-based devices are being activated every day and Google is all set to expand this user base by integrating the technology into a new range of tablet computers.

He added that Google aims to have one billion end users of their Android OS within the next five years, meaning that each user would only need to spend $10 per year to achieve $10 billion.

The Android platform generates income by providing users with access to Google's premium web services, where the company can gain revenue from targeted advertising and content downloads.