Google had a great week at the stock market; it gained profits and ended the week on a high note, giving its investors plenty of reasons to smile.
Google’s highlight from the past week was the release of Android One in India. Google Inc. (NASDAQ:GOOG) shook hands with local low-end smartphone manufacturing companies such as Karbonn, Micromax etc. With Android One the company hopes to make smartphones that will be inexpensive but will offer amazing specifications to the customers. This was a very smart move by the tech giant; it promises great potential for profits in the future. With its Android One Google has every reason to believe it will create a strong hold on the Asian low-end smartphone market.
Android One will not be limited to India only; Google plans to reach other Asian countries – a plan that has the potential to bring billions in profits through Android One technology.
Google was in a pressure situation last week, when it published its transparency report about the meddling governments that were trying to interfere with Google’s policies.
This transparency report featured countries that were threatening Google Inc. and asking it to remove data published against them from its search engine. Most of the data was regarding secret information about these countries.
Google brought in ex Qualcomm executive, Dennish Kish, to boost Google Fiber’s coverage across the country. Kish will head Google Fiber and use his operational expertise to expand television and fast internet services to other US cities. This will also create more opportunities for the company who just doesn’t seem to stop growing.
Google opened the week on Monday 15th at a value of 572.94 and went up by 2 percent. However later during the day the stock came down by 6 percent to land at a value of 568.21. At the end of the day it regained miraculously and closed at 573.1
Second day of the week, Tuesday saw Google open at the market at 572.76 and gain by a whopping 9 percent. The stock later dropped down to 572.66. Google Regained and reached a value of 579.95, which was considered a healthy profit considering the start of the day.
Google opened on Wednesday at 580.01 and climbed up to 587.51. Google’s stock dipped by 8 percent by midday, but soared by 6 percent at the end of the day to close at 584.77.
Thursday gave Google a heavy start with 587; the stock went up by further by 2 percent, to reach the value of 589.54. Google had a dip by afternoon, coming down to 585, but regained its value to land at 589.27 at the closing of the day. Thursday was the day that sent Google home happy.
On Friday – the last day of the week – Google Inc. (NASDAQ:GOOGL) opened up at a grand number of 591.5. The stock went up to a value of 596.48, but later dipped down to 589.5. At the conclusion of the day Google reached its highest number for the week, 596.08 and went home a winner with large profits and happy investors.