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.
Updated February 27, 2017. Android is a mobile operating system maintained by Google, and is everyone else's answer to the popular iOS phones from Apple. It is used on a range of smartphones and tablets including those manufactured by Samsung, LG, Sony, HPC, Huawei, Acer and Motorola.