Share

Wall Street, Google's ride continues: +16% since the beginning of the year, +700% since 2004

After exceeding the $800 ceiling, Google's stock is now traded at $821,50 (it is the third giant by market value after Apple and Exxon Mobil), and some analysts are hazarding the next goal: a thousand dollars per share – Driving the rise on Wall Street is above all the success of Android, which dominates the hi-tech market.

Wall Street, Google's ride continues: +16% since the beginning of the year, +700% since 2004

Wall Street raises Apple and flies thanks to Google. Leading technology stocks, with the bitten apple rearing its head after a dark period, while Mountain View continues its ride: Google's stock has in fact grown by 700% since 2004. After exceeding the $800 ceiling, now the stock of Google is traded at 821.50 dollars (it is the third colossus by market value after Apple and Exxon Mobil), and some analysts hazard the next goal: a thousand dollars per share.

Above all, the success of Android is driving the rise on Wall Street. Google's operating system dominates the smartphone market, and it's making remarkable progress in the tablet market, thanks to the Nexus 7, Galaxy Tabs and Amazon's Kindle Fire.

Since the beginning of 2013 alone, the US giant has grown on the stock market by 16,1%. In the smartphone market, Android holds about 70%, while Apple iOS is stuck at about 21% (Gartner data). In the tablet market, Android's market share rose from 29% to 39% in one year, while Apple dropped from 68% to 58% (Strategy Analytics data).

comments