Top Google executive David Lawee has claimed that acquiring the Android platform was Google's best deal ever.
Speaking during the 16th annual Stanford Accel Symposium, Lawee said that at first he was sceptical of Google acquiring an obscure open source platform. But as the platform emerged and became integrated with Google's mobile ad network, the investment had paid off in the best possible manner.
Talking about Android founder Andy Rubin, Lawee said: “I saw this guy [Andy Rubin, founder of Android] in my building for two years, walking his dog, and I was like, I hope this guy does something.”
It was due to Rubin's hard work and Google's backing that turned Android into one of the most popular smartphone platforms in the world, giving Apple's iOS a hard time.
The most crucial part in Android's success was its integration with Google's mobile ad network, which was in turn strengthened with the $750 million acquisition of AdMob. Google now claims that mobile advertising rakes in around one billion dollars every year for Google.