Android

Google stock rallies, closing in on $1000

posted by Victor H. / Oct 18, 2013, 7:08 AM

Google stock rallies, closing in on $1000

Something crazy is going on with Google stock right now. It has just soared in pre-market trading after the company beat the Street expectations by a whopping nearly 10% and the stock is closing in on $1000 value.

At the moment of this writing, Google stock is up 9.9%, or $87.19, to $975.98. This explosive growth translates into total market cap approach the $300 billion mark very closely at $296.16. This makes Google larger than Microsoft by market valuation, but we all know how volatile this measure is and how quickly it can change. Nonetheless, it’s telling. And hey, happy times for Google investors!

Google has not been the only tech company with huge gains in stock. Apple is also riding bullish sentiment of investors and Cupertino stock is closing in on its highest for the last six months, selling for $507 pre-market.

source: $GOOG

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32 Comments

1. fouadqr

Posts: 326; Member since: Nov 21, 2012

Abd msft is 30$ XD

posted on Oct 18, 2013, 7:18 AM 0

5. Commentator

Posts: 3723; Member since: Aug 16, 2011

Yet its market cap is $290 billion, just $5 billion below Google.

posted on Oct 18, 2013, 7:39 AM 3

2. androiphone20

Posts: 1654; Member since: Jul 10, 2013

this is good business

posted on Oct 18, 2013, 7:27 AM 0

3. ilia1986 unregistered

Why is this crazy? Android is the best and most widespread mobile OS on the planet.

posted on Oct 18, 2013, 7:38 AM 8

6. THE.DARK.KNIGHT

Posts: 269; Member since: Sep 09, 2013

Its awesome but not the best.

posted on Oct 18, 2013, 7:47 AM 3

8. PhoneArenaUser

Posts: 5498; Member since: Aug 05, 2011

I think Android is the bes mobile OS, at least for today. Do you know any better mobile OS?

posted on Oct 18, 2013, 7:51 AM 19

10. ilia1986 unregistered

Of course not. Windows Mobile 5.0 is much better.

posted on Oct 18, 2013, 8:05 AM 0

20. Penny

Posts: 1860; Member since: Feb 04, 2011

There is never a best...it is a moot point. There is only best for me, and best for you.

posted on Oct 18, 2013, 11:57 AM 2

21. ilia1986 unregistered

There is a best. In the Olympics there are no 2 1st places. Same here.

posted on Oct 18, 2013, 12:07 PM 4

23. Penny

Posts: 1860; Member since: Feb 04, 2011

Bad analogy. There's no single finish line here. If you're a power user, your finish line may be number of features. If you're a beginner user, your finish line may be ease of use and simplicity. If you're an artist, your finish line may be aesthetic appeal. If you're a busy professional, your finish line may be efficiency. When the judgment of a product's value is based on the user's perspective, you have to accept that different users have different perspectives and will ultimately determine different products to be the best.

posted on Oct 18, 2013, 2:54 PM 2

24. ilia1986 unregistered

Yes but with iOS 7 no longer being as dead simple to use instead becoming a much uglier, stripped-down-of-essential-features and bug ridden version of android, and windows phone not being really significant atm, android is the best, objectively.

posted on Oct 18, 2013, 3:06 PM 2

31. PhoneArenaUser

Posts: 5498; Member since: Aug 05, 2011

Blah blah blah...

posted on Oct 19, 2013, 6:01 AM 0

30. PhoneArenaUser

Posts: 5498; Member since: Aug 05, 2011

I don't know what will be tomorrow, but today Android OS is the best mobile OS looking from many aspects.

posted on Oct 19, 2013, 6:00 AM 0

32. Penny

Posts: 1860; Member since: Feb 04, 2011

PhoneArenaUser, first of all, to your comment #31, my response is "lol." You can deny logic all you want, but I assure you that the people making these operating systems for you are well aware that they are prioritizing certain things above others, and that their competition may be leading in certain categories. They know they're not the best in everything. To both ilia1986 and PhoneArenaUser, yes you can argue that Android, empirically, has more going for it and can therefore be argued as the best overall. The point was simply that people have different priorities. So even if Android had the most features and had the best aesthetic appeal, I might say that Windows Phone is the best because I prioritize use efficiency above all other considerations. That's what matters to me. If you really want to make the judgment calls, here is how it looks from my perspective: - Android is the best when it comes to features and number of functions. It has the most capabilities. - iPhone is the best in usability. They put the most effort into making sure things are logically organized with clear, apparent visuals. Also currently has the best voice command functions (try changing settings with Google Now or TellMe). Ties for best aesthetic appeal because of its clear, standout visuals. - Windows Phone is the best in task efficiency. The integration of functions into the core OS instead of into apps allows for easy access to many functions that people care about. Ties for best aesthetic appeal because of its refreshing approach and use of panoramic app views. - Blackberry is the best in business task efficiency. The comprehensive Notification Hub/peek with the ability to respond from within makes it the most efficient in this category. So, if you want to be objective, even though I hate Apple because I never want to be stuck with all the proprietary stuff, I would have to give the nod to iPhone as the best overall because it does the best job at balancing being a feature rich and usable platform.

posted on Oct 19, 2013, 12:26 PM 0

4. Carlitos

Posts: 673; Member since: Oct 23, 2011

The current Market Cap for Google is not actually 300 Billion. (Or the current one that's showing at 296 billion) because it was after the closing bell it does not represent the real market cap. When the stock market opens again at 9:30 today it will show the market cap after this 9%+ change. Which should be well above 300 Billion. Just a bit over $320 Billion

posted on Oct 18, 2013, 7:39 AM 2

7. Miley_3d

Posts: 16; Member since: Oct 02, 2012

Good Job by Google!

posted on Oct 18, 2013, 7:48 AM 0

9. DanishDynamite

Posts: 47; Member since: Feb 28, 2013

"At the moment of this writing, Google stock is up 9.9%, or $87.19, to $975.98" Isn't it supposed to say 870 something instead of 87,19?

posted on Oct 18, 2013, 8:04 AM 0

12. smdeezy

Posts: 66; Member since: Jun 17, 2011

No, its up 9.9% of $888.79 which is $87.19 per share.

posted on Oct 18, 2013, 8:52 AM 1

16. DanishDynamite

Posts: 47; Member since: Feb 28, 2013

Oh, like that, thanks!

posted on Oct 18, 2013, 9:26 AM 0

13. NexusPhan

Posts: 632; Member since: Jul 11, 2013

No. Its's up $87.19 in pre-market trading. Which represents an increase of 9.9%. Bringing the current trading price to $975.98

posted on Oct 18, 2013, 8:52 AM 0

11. darkkjedii

Posts: 31331; Member since: Feb 05, 2011

Dang google, loan me a mil.

posted on Oct 18, 2013, 8:45 AM 0

22. roscuthiii

Posts: 2383; Member since: Jul 18, 2010

A million?! All I need is 248 space bucks for lunch, gas, and tolls.

posted on Oct 18, 2013, 2:04 PM 1

25. JewBakaUCFG

Posts: 176; Member since: Sep 25, 2012

i need about tree fitty

posted on Oct 18, 2013, 3:54 PM 0

27. darkkjedii

Posts: 31331; Member since: Feb 05, 2011

Dude that was the funniest episode of South Park ever. Man I go on YouTube a lot, just to see it.

posted on Oct 18, 2013, 5:42 PM 0

29. roscuthiii

Posts: 2383; Member since: Jul 18, 2010

I ain't givin' you no tree-fitty, you goddamn Loch Ness Monster! Get your own goddamn money!

posted on Oct 18, 2013, 7:50 PM 1

14. Googler

Posts: 813; Member since: Jun 10, 2013

Broke $1000 at 10:07 EST. Wowzers!

posted on Oct 18, 2013, 9:07 AM 2

15. drnggaj33

Posts: 127; Member since: Feb 29, 2012

plus google has coming up google glass and the other outer space stuff its not just andriod never been just that high five gooogle bye bye apple

posted on Oct 18, 2013, 9:23 AM 0

17. -box-

Posts: 3991; Member since: Jan 04, 2012

Kind of strange, there hasn't been any significant launches or prospects to start the rally. Sure 4.4 is coming, and the Nexus 5 supposedly leaked, but that's about it. I know stock markets are prospective by around 4-6 months, but this is strange. Kudos to google, but investors are weird.

posted on Oct 18, 2013, 9:44 AM 0

18. johnbftl

Posts: 283; Member since: Jun 09, 2012

It's not strange. They just reported their quarterly earnings, and they exceeded then by nearly 10%. It has nothing to do with the excitement behind the expectation of a new product. It has to do with what Google made from July to September against what they expected to make in revenue.