Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Google Inc (GOOG): What Next After Hitting $1000?

In my opinion, Microsoft needs a stronger solution. Even as the company takes a new ‘devices and software’ image, its Surface Tablet seems to be taking hits as suggested by the now confirmed $150 price cuts. Microsoft ought to have looked for a lasting solution to the PC sector’s woes. This was its only stable income stream.

Self driving cars concept another market all together

While analysts argue that commercial availability for Google’s self driving cars technology is something that is decades away, Google’s executive chairman, Eric Schmidt, ventures that it’s only years away. Schmidt adds that Google has held discussions with “every single car company.”

This self driving cars concept could be a game changer, even as Apple intensifies its footing in web-based services for automobiles through the impending launch of its iTunes online radio service.

Apple is set on capitalizing on the healthy automobile industry where it will battle with heavyweights like Pandora Media Inc (NYSE:P) and Sirius XM Radio Inc (NASDAQ:SIRI). In the near-term, Apple will not be a great threat to Sirius XM Radio Inc (NASDAQ:SIRI), as the latter is not dependent on web based services. Pandora Media Inc (NYSE:P) however is under direct threat. Considering that Apple’s iPhone is widely dominant in the U.S, there could be a great possibility that most of Pandora’s users access its service through their iPhones. Apple could very well leverage this factor to rope in as many of Pandora’s users into its own internet based iTunes Radio service.

But as cars also go smart, an all-encompassing Google ecosystem brought about by the self driving cars concept could sideline current online service providers. This will open up an opportunity for Google to tailor its own web based services, apart from the now widely popular maps, to automobile owners. From this perspective alone, we see that the self driving cars concept is a strong growth pillar.

Conclusion

Although some competitors are better off in specific fronts and niche markets, Google’s holistic approach minimizes risks and promises collective growth. It’s not too late to get onto this ship. There is still great potential upside in Google despite the seemingly ‘high’ price.

Lennox Yieke has no position in any stocks mentioned. The Motley Fool recommends Apple, Facebook, and Google. The Motley Fool owns shares of Apple, Facebook, Google, and Microsoft.

The article What Next After Hitting $1000? originally appeared on Fool.com and is written by Lennox Yieke.

Lennox is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.