Not sure if this is due to Google "being unhealthy" or overall economy contracting. If the drop / stagnation is due to economy contracting these results are still very good.

> What about their hardware business?

It was never taken seriously (source: worked there)

Pixel sells as many phones per year as iPhone sells on the first day.

> What about their hardware business?

As with anything that is not ads, it's losing money.