Google took lots of time before charging into the smartphone business, but Alphabet Inc.’s young hardware effort appears ready to become one of the prime reasons to buy the company’s stock, according to Morgan Stanley.
Sales of the Pixel line of smartphones are expected to add $4 billion to Alphabet Inc.’s
That is still vastly below industry leaders. Apple Inc.
For Nowak, the increase in hardware sales is most important as a potential catalyst for a stock that’s struggled to outperform broader indexes this year, despite earnings