The Google Pixel 2 will be coming later this year. This information was confirmed by Google's senior vice president of hardware, Rick Osterloh.
Talking about the device, Osterloh said "You can count on a successor this year, even if you don't hear a date from me now. There is an annual rhythm in the industry, so you can count on us to follow it. "The current generation Pixel devices weren't received well for their premium pricing. On that Osterloh had to say "Pixel stays premium."
Launching a new Pixel phone is all well and good. But hopefully in addition to developing its next major smartphone, Google’s also working on figuring out how to actually ship the current generation of Pixels it already sells. As currently Google is facing inventory issues with the current Pixel phones, causing it to not be able to have the phone in stock most of the time.