Google's (GOOG +0.1%) mobile ad run rate has more than doubled since mid-2012 and is now abover...

|By:, SA News Editor

Google's (GOOG +0.1%) mobile ad run rate has more than doubled since mid-2012 and is now abover $5B/year, thinks Wedge Partners' Martin Pykkonen. Google disclosed in October mobile ads and Google Play were on a combined $8B/year run rate. For reference, Google is expected by the Street to generate $60.2B in 2013 revenue.