Google Archive

Nest generated about $340 million in sales last year, according to three people with knowledge of the matter. That’s an impressive figure for a company in the very nascent market of Internet-connected devices.But it’s below the initial expectations Google had set for Nest when it bought the startup in 2014 for a whopping $3.2 billion. The company’s sales performance may face even deeper scrutiny inside Google’s new parent company, Alphabet, where Nest now sits, as the hardware maker faces its most critical year ever.