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Google Hardware Event to Take Place on Oct 4: What to Expect?

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Alphabet Inc.’s (GOOGL - Free Report) Google has decided on Oct 4 as the day for its Hardware event. A number of news sites have leaked some details. Consequently, it appears that there will be more or less seven announcements.

Pixel 2 and Pixel 2 XL

Leading the speculations are the ones surrounding Pixel 2 and Pixel 2 XL phones. Leaked reports indicate that Pixel 2 will be built by HTC and come with a full 1080p HD 5-inch screen in "kinda blue, "clearly white" and "just black" colors. It may not have a headphone jack and will be priced at $650 for the 64GB version and $750 for the 128GB version.

Pixel 2 XL will be built by LG and will have a 2,560 x 1,440 or 2K display and a 5.5-inch screen. It will be available in black and black-and-white variations and priced at $850 for the 64GB version and $950 for the 128GB version.

Both are expected to include the new Snapdragon 821 processor from Qualcomm (QCOM), 4 GB of RAM, 12-megapixel cameras and fingerprint scanners. These will be shipped with the latest Android Oreo.

We observe that Alphabet has gained 22.9% year to date, outperforming the S&P 500’s rally of 12.6%.

Notably, last month, Google announced the acquisition of HTC’s Pixel building team for $1.1 billion, a step that underscores the fact that it is ramping up phone making as well as other product development in the consumer hardware space by integrating its technological expertise with HTC’s AR/VR, IoT and AI capabilities.

Google Home Mini

It is a smaller version of Google Home to compete with a similar version of Amazon’s (AMZN - Free Report) Echo. The device is expected to be priced at $49 and be available in three colors, fabric (possibly swappable) covers.

Alphabet Inc. Revenue (TTM)

Google Pixelbook

That’s a premium metal bodied Chromebook designed to compete with Microsoft (MSFT - Free Report) Surface and will have a backflipping touchscreen lid and support for a pressure-sensitive, tilt-sensitive stylus (dubbed the “Pixel Pen”) at $1,200 for the 128GB version and $1,750 for the 512GB one. According to leaks, it may feature Intel’s eighth generation “U” chips.

Daydream View 2

Next up is a new Daydream View headset for $99 (previously $79). So, things are getting pricier around here and it will be worth checking out what’s changed (probably some additional features to support a more immersive experience, color choices and a motion controller).

Chromecast Ultra

Google is rumored to be coming up with an expensive version of Chromecast that would support 4K-quality video streaming and HDR. It is reported to be available for $69, much lesser than the likes of Apple (AAPL - Free Report) TV.

Google WiFi

Google may debut a new router device dubbed Google WiFi for $129. The company already has its OnHub routers and the new device is rumored to be aimed at offering an extensible network for full-home coverage.

To Conclude

This is Google’s second hardware event and just like last year the tech giant is trying to raise the suspense around it.

The teaser video is titled “Funny you should ask…” and shows questions related to bad battery life, storage, photos, software updates, and more being looked up on Google. It appears that Google is coming up with the answers in the upcoming event.

So, just like last year, we expect some big product announcements that will reveal Google’s increasing appetite for hardware.

Alphabet carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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