Google’s CFO Patrick Pichette has admitted that Google Glass didn’t have the impact the company was hoping for.
Pichette shared insights on the program during Google’s recent earnings call for Q4 2014. According to Pichette, Glass did not have the impact Google was looking for, which forced them to rethink their strategies.
When teams aren’t able to hit hurdles, but we think there’s still a lot of promise, we might ask them to take a pause and take the time to reset their strategy, as we recently did in the case of Glass, said Pichette. And in those situations where projects don’t have the impact we hope for, we do take the tough calls, we make the decision to cancel them, and you’ve seen us do this time and time again, he continued.
Google suspended the Glass program recently and announced that Nest CEO Tony Fadell would takeover the project.
