Google's Mobile Success Is Key Factor In Stock's 30% 1-Year Gain
by Trefis
Google's (GOOG) stock has seen a strong run over the past year, as it has risen 30% from $600 in February 2012 to approximately $800 at present. We think that the rise in Google's stock was caused by a change in investor sentiment regarding Google's mobile monetization capabilities. The company has shown that it can successfully monetize its mobile user base as it has increased annual mobile run-rate to approximately $8 billion in Q3 2012 vs. $2.5 billion in 2011. In addition to the improvement in mobile monetization, Google's international growth (54% of revenues were generated outside the United States in Q4 2012) has investors excited because its exposure to growing markets will ensure that it can grow its revenues going forward. read more »
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