Google’s great management decisions is now bearing fruit as it officially becomes the second most valuable technology company on earth. Google has edged out Microsoft, which used to hold the top position.
After trading closed last Monday, Google finally broke through and topped Microsoft’s total value. According to reports, Google showed a valuation of $249.1 billion. Microsoft, on the other hand, had a valuation of $247.2 billion. Google’s numbers were no fluke either. When trading resumed the following day as Google continued its lead over Microsoft, even though the gap between the two narrowed down a bit.
Microsoft’s slide to third place may be seen by many as a sign Microsoft’s stock is losing value, but that’s not the case at all. Microsoft’s stock has actually stayed steady for the last few months, with its value actually increasing recently. It’s Google and its stocks’ amazing performance that’s the factor. The value of Google stock has been rising quite steadily and it was a recent drop off in Microsoft stock that has led to Google getting the second place position behind the Apple.
Google’s performance has been attributed to the amazing success of the Android mobile operating system. The recent news that 85 percent of all smartphones shipped all over the world has Android installed on it is astonishing data and further solidifies Google’s reputation as a solid company.
It may be quite a while before it poses a big challenge to Apple though since the most valuable company in the world has a valuation of $618.1 billion.
Originally posted on October 2, 2012 @ 10:13 pm