The share prices of Google Inc. (NASDAQ:GOOG) had jumped to reach their all time high of above $900 since the Initial Public Offering. This surge in share prices was contributed by various product enhancements being unveiled by the world’s largest search provider.
Product Enhancements
Google Inc. (NASDAQ:GOOG) had unveiled a new subscription based music service system, Google’s All Access to the Web browsers and mobile devices. This new music service system, with more than million songs, will now give the users more reasons to activate Google Inc. (NASDAQ:GOOG)’s Android operating systems on their mobile phones.
In addition, Google Inc. (NASDAQ:GOOG) had also introduced new features to its overhauled Google Maps which had resulted in increased context and recommendations for each target location. The user can now be assured to get effective and accurate directions to his favorite places right on his mobile devices.
The search engine provider had also introduced improvements to its Android operating systems which include new options of getting payments for downloading software and advertisements from Google Playstore. This revenue had nearly increased by 2.5 times over the previous year income to Google Inc. (NASDAQ:GOOG).
Such efficient attempts for product enhancements made by the team at Google Inc. (NASDAQ:GOOG) had paved way for the share prices to jump by 3.2 percent to reach $915.89. The share prices of Google Inc. (NASDAQ:GOOG) had gained by 29 percent this year compared to the relative growth of 16 percent in the Standard & Poor’s 500 Index for the same period.
