Google Inc’s Shares, Skyrocketed to more than 7% after releasing Financial Growth information regarding their Mobile Business and positive forecast in the upcoming markets within its third quarter of 2011.
On October 14th, Google’s shares rose to around 7%, while the shares on the Nasdaq went up over $600.00 at 10:30 in the Morning.
The rapid increase in its mobile business has changed investors’ confidence, spotlighting the significance of Google’s Android mobile operating system. Investors are not sure that the online search giant would hit its targets for the 2nd quarter due to the World Financial Crisis.
Many experts say that the Android Operating System, Is at the moment the most-used smart phone platform in the world. It has already proved itself and has vindicated Google with its decision to buy Motorola Mobility Holdings.
Google earlier announced its plans to Buy Motorola Mobility for $12.5 billion, giving the online firm access to one of the largest patent libraries in the wireless industry.
The deal would also allow Google to maximize the development of its own line of smart phones.
To date, Google’s Android is the most preferred platform among smart phone makers with over 190 million devices powered by its software – up from 135 million in mid-July.
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