“Google’s gains are mirrored by the companies’ share prices. Google closed at a record high on Feb. 1, while Apple’s stock has tumbled 37 percent from its peak in September. Apple is trading at a 55 percent discount to Google on a price-to- earnings basis. That’s the widest spread since July 2006, about a year before the iPhone was introduced.”
“Three of four handsets sold in the $260 billion global smartphone market are powered by Google’s Android operating system. To press the advantage, Google has been making it easier for programmers to build apps and simpler for users to find and purchase them.”
These are just some of the facts that have people reconsidering the thought that Apple is the top dog in this industry.
There is plenty of room for more than one company in the $260 billion global smartphone market, but right now things are looking up for Google.
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DISCLOSURE: I have no positions in any stock mentioned.
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