Google Updates Gmail, Bolsters E-mail Client Space Reach

Alphabet’s GOOGL division Google is leaving no stone unturned to enhance its web email service offerings via Gmail with feature enhancements in a bid to bolster presence in the e-mail client market further.

This is evident from the company’s latest move to update Gmail’s Smart Compose feature which aids in autocompleting sentences in the mail. This in turn saves users from typing over a billion characters and words each week.

Per the latest update, the feature is now capable of adapting user’s writing pattern and composing mails accordingly. Moreover, Smart Compose will now be able to suggest a subject line as per the content of the mail.

Apart from this, Google unveiled a new feature called e-mail scheduling that enables users to schedule an e-mail to be sent later on a future date.

These robust features on Gmail have been introduced to celebrate the completion of 15 successful years since its launch in 2004.

Move to Aid Growth

Gmail which has already gained popularity among users is likely to gain further traction on the back of these robust features, availability and accessibility.

Google has made the Smart Compose feature available on all the Android devices and will be coming on iOS devices soon.

Smartphones have become inevitable in today’s fast paced world and accessing e-mails via these devices can be considered mainstream. Consequently, the availability of this feature will be a major positive.

Further, the feature now supports languages like Spanish, Italian, Portuguese and French.

Additionally, e-mail scheduling feature is likely to benefit society immensely by bolstering digital wellness. With this feature, corporate officials do not have to wait till the time the e-mail need to be sent.

All these benefits are likely to expand user base of Gmail which in turn will strengthen Google’s position in the e-mail service space.

Alphabet Inc. Revenue (TTM)


Alphabet Inc. Revenue (TTM) | Alphabet Inc. Quote

Rising Competition

Google’s vast search platform and strengthening artificial intelligence (AI) skills will continue to aid its competitive position in the rapidly growing worldwide e-mail client market against the likes Microsoft MSFT, Apple AAPL and Yahoo.

Moreover, user friendly updates on Gmail will continue to aid its dominant market share against Microsoft’s, Apple’s Mail and Yahoo! Mail.

Per the latest report from Litmus Email Analytics, Gmail accounted for 26% of the global e-mail client market in March 2019 while Apple’s Mail, Yahoo! Mail and accounted for 9%, 7% and 2%, respectively.

Zacks Rank & Stocks to Consider

Currently, Alphabet carries a Zacks Rank #3 (Hold).

A better-ranked stock that can be considered in the broader technology sector is Autohome ATHM, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term earnings growth rate for Autohome is pegged at 29.41%.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.

This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.

See their latest picks free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Autohome Inc. (ATHM): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.