Google Stock Price Closes At 52-Week High Of $915 On First Day Of Google I/O As Apple Takes Another Drop

Posted: May 16, 2013 in Enterprise, Google, GT
Tags: , ,

Google’s stock price came close to its 52-week high
on the first day of Google I/O today, hitting $915 per
share at close. In comparison, Apple today dropped
15 points to close at $428 per share, 277 points off its
52-week high. This morning, Google stock jumped to $909 per
share from its opening price of $895 when Co-Founder
Larry Page hit the stage at around 11:45. It is now
trading at $916.50 in after-hours trading. One analyst I
talked to attributed the increase to Google’s
announcement of its “all access” streaming service and the rotation out of hardware makers such as
Apple and HP. The difference between Google and Apple’s share
price is a barometer of the tech landscape. Google is
a data company. Apple is more about design, creating
beautiful devices. The difference is evident here at Google I/O. Google
has built its infrastructure to manage more data than
arguably any company in the world. It uses ths data
to provide services that it highlighted today in its
keynote. This includes its Google Translate APIs and
the next generation of its Google Maps. The iPhone will always be elegant. As my colleague Josh
Constine points out, the beauty of a device is just not
as important, as the entire world becomes a fabric of
data objects.

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