SAN FRANCISCO (TheStreet) -- Despite the introduction of a few impressive new software applications, this year's Google (GOOG) (GOOGL) I/O Developers Conference was something of a disappointment.

Yes, there was the announcement of an early developer's version of the next version of the Android operating system, Android M. Chrome and Google Now will be a big part of your apps in the future. Android Pay will be coming to devices soon, and engineers have worked out ways to get usable versions of Maps and Chrome browsers designed for hardware used in developing markets.

Even Google Photos, which used to be a part of Google's ill-fated social network, G+, received a big upgrade, and is now capable of instantly cataloging and storing your photos and videos and creating new ways of searching and locating those very personal memories with free, unlimited cloud storage.

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But, there was a noticeable lack of new hardware announced.

There was no new Nexus smartphone or tablet, no new Chromebook or updated Chromecast video dongle. There was a new, rustic Google Cardboard virtual reality headset handed out to all attendees that can now house larger smartphones, including the Nexus 6 and Apple's (AAPL) iPhone 6 Plus. New Google hardware will soon have USB-C ports, the same seen on the new Apple MacBooks. But there was no second-generation Google Glass to be found anywhere at the gathering.

"The keynote today felt like a big-picture state of affairs aimed more at press and Wall Street than a developer keynote," according to Carolina Milanesi, chief of research at Kantar Worldpanel. "It is always hard to balance the two, and Google has been going back and forth on both approaches for a few years now. Not much news and where we had news, it was not where we were expecting such as Google Wear and Google Cars for instance."

Milanesi said, "Some of the announcements, such as Google Pay, seem to have taken some lessons from Apple (AAPL), while others, such as Google Photos, seem to be showing Apple how [things] could be done. Android took very little time compared to what we saw in previous years, which I think is quite telling of a platform that has done its job of gaining users."

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