By Jonathan Davies

Google's profits were up nearly 30% to $4.76bn (£3.16bn) in the fourth quarter, despite missing revenue expectations.

The internet giant reported a 15% rise in revenue to $18bn - the same as Apple's profits for the same period. Google did say that a further $541m would've been added to revenues if not for unfavourably foreign exchanges rates.

Figures suggested that Google is struggling to raise the price of its mobile ads, with cost-per-click falling 3%.

Market experts are understood to be concerned about Google's ability to capitalise on the movement towards mobile, believing its mobile business is not as strong as its desktop search business.

Join us on
Follow @freshbusiness