Google stock rallies, closing in on $1000
posted by Victor H. / Oct 18, 2013, 7:08 AM
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.
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
Posts: 269; Member since: Sep 09, 2013
Its awesome but not the best.
posted on Oct 18, 2013, 7:47 AM 3
Posts: 1844; 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
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
Posts: 1844; 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
Posts: 638; 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
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
Posts: 30786; Member since: Feb 05, 2011
Dang google, loan me a mil.
posted on Oct 18, 2013, 8:45 AM 0
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
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
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.
posted on Oct 18, 2013, 10:47 AM 0
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