last time I researched into it last year, Google Pixel was already the biggest division in hardware for Google in terms of profit (above Nest and Home) and had better-looking numbers in profitability than all the main players in hardware except Microsoft - and that included Apple for the first time

since Google killed Stadia and perhaps has no chance at the console business, it strategically looks like a terrible idea to exit the mobile hardware division, but again, with Google you never know

the image Google has created around having essentially no commitment to any business lines makes it hard for them to enter the console market with longer cycles, but doesn't hurt them as much in the mobile market as phones are replaced often anyway

PS: Pixel is just Google's newer mobile hardware brand, for me there is no real difference with Nexus in that respect - just a rebranding