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For First Time Ever, Google Stock Surpasses $800

By - Source: ABC News | B 15 comments

Follows five years after firm exceeded $700.

For the first time since its inception, Google's stock has surpassed $800 -- five years after it exceeded $700.

The milestone for the search engine giant comes after the rapid decrease of Apple stock in recent months from a high of nearly $700 in September to around $450, resulting in the iPhone maker being replaced as the world's most valuable company. Google stock, meanwhile, increased to $803.58 during the early hours of Tuesday, the first day of trading after the long Presidents’ Day weekend. Google's market valuation is currently more than $260 billion.

Soon after exceeding $700 in stock prices during October 2007, the global economy suffered its worst recession since World War II, which affected Google’s share prices. It saw co-founder Larry Page replacing current executive chairman Eric Schmidt as the firm's CEO in April 2011. Its stock has since increased by about 35 percent. Last October, Google surpassed Microsoft's market valuation to become the world’s second-largest technology company.

Rumors recently resurfaced pertaining to Google's plan to launch retail stores. Aaron Kessler, senior research analyst with investment firm Raymond James, said he's unsure whether they would contribute to Google’s sales growth. "The Android ecosystem is doing pretty well. It continues to gain market share so it’s hard to say if that will really help them more."

Google currently offers various products across several markets including the smartphone and tablet division with Android, accompanied by its Nexus devices. It also offers notebooks in the form of its Chromebooks, while its main source of revenue comes from advertising. Future ventures for the firm include the wearable computing market with Project Glass, smartwatches, driverless cars and A.I. search technology for intelligent PCs.

 

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  • 18 Hide
    blazorthon , February 20, 2013 12:47 AM
    wannabeproZak.. Why did you have to put crApple stocks in news about Google?


    feeblepenguinBecause, not a pro, everyone likes to laugh at crApple.


    More likely because most people reading such an article as this would want to compare it to Apple.
  • 12 Hide
    feeblepenguin , February 20, 2013 12:36 AM
    wannabeproZak.. Why did you have to put crApple stocks in news about Google?

    Because, not a pro, everyone likes to laugh at crApple.
Other Comments
  • -6 Hide
    wannabepro , February 20, 2013 12:34 AM
    Zak.. Why did you have to put crApple stocks in news about Google?
  • -6 Hide
    feeblepenguin , February 20, 2013 12:34 AM
    In other news, Bing's top search continues to be Google...
  • 12 Hide
    feeblepenguin , February 20, 2013 12:36 AM
    wannabeproZak.. Why did you have to put crApple stocks in news about Google?

    Because, not a pro, everyone likes to laugh at crApple.
  • 18 Hide
    blazorthon , February 20, 2013 12:47 AM
    wannabeproZak.. Why did you have to put crApple stocks in news about Google?


    feeblepenguinBecause, not a pro, everyone likes to laugh at crApple.


    More likely because most people reading such an article as this would want to compare it to Apple.
  • 0 Hide
    wannabepro , February 20, 2013 1:05 AM
    Was rude: Did Edit.
  • 1 Hide
    wannabepro , February 20, 2013 1:13 AM
    wannabeproFeeble mentally or physically?.. If both, damn..And I think a lot of people would prefer to not have Apple crammed down their throats whenever they read an article.

    ^^^^^^^^^^
    Sorry, that was a bit rude..
    How do you edit/remove comments?
  • 1 Hide
    blazorthon , February 20, 2013 1:17 AM
    wannabepro^^^^^^^^^^Sorry, that was a bit rude.. How do you edit/remove comments?


    http://www.tomshardware.com/forum/21168-55-time-ever-google-stock-surpasses

    You can find this in the "Read the comments on the forums" link between the article and the comments. You can edit your post from there.
  • 0 Hide
    wannabepro , February 20, 2013 1:29 AM
    blazorthonhttp://www.tomshardware.com/forum/ [...] -surpassesYou can find this in the "Read the comments on the forums" link between the article and the comments. You can edit your post from there.

    Okay, thanks.
  • 3 Hide
    knowom , February 20, 2013 1:30 AM
    About time those two stock prices switch places that whole raping the pockets of trendy snobs form of innovation Apple has lived off couldn't last forever and the bubble was bound to burst eventually especially with Google increasingly making their trendy products feel less and less appealing in terms of value per dollar in a tough economy.
  • 0 Hide
    wildwell , February 20, 2013 5:37 AM
    Next big consumer tech company to see sock's surge... Samsung?
  • 2 Hide
    cheesemon , February 20, 2013 7:12 AM
    I remember telling mom to put a ton of money into Google stock when it was at $400 a few years ago. Her response: "But what if Google suddenly goes broke?" Sigh.
  • 0 Hide
    back_by_demand , February 20, 2013 8:57 AM
    cheesemonI remember telling mom to put a ton of money into Google stock when it was at $400 a few years ago. Her response: "But what if Google suddenly goes broke?" Sigh.

    Hindsight is a wonderful thing, imagine if you had dropped your life saving into Yahoo or Nokia stock at the same time, when they were unassailable only to see your investment crumble
    ...
    It's easy to see the obvious after it already happened
  • 2 Hide
    joebob2000 , February 20, 2013 12:22 PM
    Google and Apple are fundamentally very different companies but the media seems to like to pit them as big competitors for some reason. Like all the hype around the news that Google was paying Apple $1B to be the default search provider on their devices. It's not as if Apple has anything at all to do with search. These companies do completely different things, one makes all kinds of money selling hardware and the other makes all kinds of money selling ads. Two more symbiotic companies could not be found.
  • 3 Hide
    back_by_demand , February 20, 2013 3:31 PM
    joebob2000Google and Apple are fundamentally very different companies but the media seems to like to pit them as big competitors for some reason

    Samsung and Apple were never competitors at one time, then they crossed in to competing markets and then the nukes started flying
    ...
    Google and Apple are competitors now because Google dared to release a mobile OS when iOS is being used elsewhere, competition of any kind will not be tolerated by the fruity one
  • 0 Hide
    ven1ger , February 20, 2013 4:53 PM
    It's amazing how basically a search engine provider can become such a technology giant by selling ads. While I applaud their success, I understand their wanting to diversify their offerings into the possibly of the rumored retail store, but I hope they stay out of that segment, brick and mortar stores may not be their best avenues for sales. Their online presence is already awesome, best to use the advantages they have with online presence to push their sales. Too much diversity in their holdings can also be harmful to a company that spreads itself into too many things. They also need to concentrate on their holdings, improving upon what they do great is not a bad thing.