GOOGLE STOCK PRICE HITS RECORD HIGH – If you were one of those savvy tech stock investors who bought shares in Google way back in 2004, when they floated on the NASDAQ, then you are surely feeling pretty pleased at your financial investment prowess.
On Friday 8th March 2013 the price per share, rose to a record high of $831.52, which means that Google’s share price has risen almost ten times since floating.
So, if you bought 1,000 shares in 2004 for $85.00 that investment is now worth a staggering $831,520, which makes your initial investment an extremely wise one.
Google has experienced incredible growth as it continues to raise the value of the company on the balance sheet and indeed stocks so far in 2013 have risen by a more than impressive 17%.
With interest rates so low many savers and investors are looking for routes to improve the rate of return on their money and it would appear that Google is the front runner in providing a sound investment for those with spare cash.
This news is in direct contrast to Apple stock. Once the darling of the stock market with loyal investors grabbing all the shares they could, Apple is now falling on hard times as its stock price continues to plummet.
Apple’s sock hit an all time low last week closing at just $431 per share, almost half of what Google is commanding. Since September 2012 Apple has lost almost 40% of its share price and things are still not looking rosy and investors continue to bail out and moving investment into Google stock.
Google have been extremely aggressive in marketing its Android mobile operating system, which means it can deliver more services and advertisements to users – this of course has come at the expense of Apple’s operating system.
Apple stock is currently trading at $431.67 compared to last year’s high of $700, something Apple is furiously trying to turn around with the sales of its iPhone and iPad product range.
The Holy Grail of stock prices of $1,000 per share is something that many analysts believe Google will achieve, but like anything in the investment world there is no such thing as a sure bet; one can only speculate and hope, if an investment is made, that Google will continue to make positive forward movement in the marketplace.
Google certainly has an arsenal of services, including Google Search, YouTube, Android and other services which allows it to deliver an every growing array of consumer advertising on; the Android Operating System alone boasts over 600 million users and some analysts predict that if Google can sort out the less than healthy take-up of its social network system, Google Plus, then the $1,000 price per share could easily be obtainable.