Implicit costs can also be thought of as intangible costs that are not easily accounted for. For example, the time and effort that an owner puts into the maintenance of the company, rather than working on expansion, can be viewed as an implicit cost of running the business.
Initially developed by Android Inc., which Google bought in 2005, Android was unveiled in 2007, along with the founding of the Open Handset Alliance â a consortium of hardware, software, and telecommunication companies devoted to advancing open standards for mobile devices.
An Android device is a device that runs on the Android operating system. Android is an array of software intended for mobile devices that features an operating system, core applications and middleware. An Android device may be a smartphone, tablet PC, e-book reader or any type of mobile device that requires an OS. Android is developed by the Open Handset Alliance, which is led by Google. Some of the well-known Android device manufacturers include Acer, HTC, Samsung, LG, Sony Ericsson and Motorola.