Google CEO says mobile revenues small but growing fast

Google Inc expects mobile searches to generate most of its revenue eventually, but it could take a long time despite growing at a rapid clip, Chief Executive Eric Schmidt said on Tuesday, reports Reuters.

Searches made on Android-based smartphones and other mobile devices are growing quickly but will remain immaterial to the company's bottom line for some time to come, he said.

Searches on Android phones - made by companies including Motorola Inc, HTC Corp and Samsung Electronics - more than tripled in the first half of 2010, he added.

"Eventually we think mobile will be the majority of the searches and the majority of the revenue, but it's a long time," he told an audience at the TechCrunch Disrupt conference in San Francisco.

For Google, the world's No. 1 Internet search engine, making the transition to mobile phones is key as it seeks to maintain and expand its nearly $24 billion online advertising business. Its Android software, offered free to cell phone vendors, has experienced dramatic growth since coming to market two years ago.