Google stock hits record $800 per share
Google’s stock price has hit an all-time high of $800 per share, smashing the $700 a share valuation it held as recently as last September.
The tech giant’s valuation hasn’t risen above $700 per share in over five years and has been hit recently by disappointing third quarter earnings.
Nevertheless the stock has been on a steady uptick ever since, bolstered by continued strong performance of Android, healthy advertising revenue and a favourable settlement in a Federal Trade Commission investigation.
In 2012 Google also recorded its first ever year of $50bn in sales.
Analysts are also far more sanguine about the future in relation to Google which has a raft of products in the works ranging from driverless cars to hi-tech specs – in sharp contrast to Apple.