Google stock breaks the $1000 mark for the first time

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Google’s strong third quarter has investors showing their confidence in the tech giant. Following yesterday’s remarks, which highlighted financial figures that beat analyst expectations, Google’s stock value has increased nearly 33 percent, rising to over $1000 for the first time in the company’s history.

Google announced $14.89 billion in revenues for Q3 amidst plans for Google Experience kiosks at Best Buy stores, the potential for a Google-powered smartwatch, and the upcoming launch of Android KitKat and the Nexus 5. This is on top of a search business that continues to see growth and an advertising arm that will account for 33 percent of all online ad business by the end of the year.

It’s a great time to be Google. It’s a better time to be one of the lucky ones who invested early in what has grown to be one of the biggest forces in not only technology, but the world. In case you were wondering, when Google first went public shares were priced at $85 a pop.

[via Bloomberg]

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  • markmilligan

    Wish I had bought shares when they went public

    • AGx

      I still remember when they went public. I was in 8th grade and I actually wanted to invest in that company. Too bad I was poor and had no concept of how to actually do that, huh?

      • ari_free

        I would’ve told you to use sharebuilder :)

  • androidscales

    Kevin what happen to apple they keep dishing out the same phone last 3 years

    • Anthony McKay

      No love for Kevin today huh?

      • Lou_Sasshole

        Well he’s trolled Phandroid enough times that I doubt he’ll get much love anytime soon haha.

    • Marsg

      they’re going green and recycling the same design lol, or they’re out of ideas.

  • Malik

    Let’s all celebrate with some Nexus 5’s. What do you say Google?!

    • branon

      you mean free ones?

      • Malik

        Doesn’t matter to me, I’ll pay for one, I just want one lol

  • veccster

    I got in around $250. It has paid for my phone upgrades and then some!

  • branon

    Stupid me ..investing in stock android since 2010 rather than stock google

  • ChristianMcC

    We did this! Us and the buzz around every product that may or may not release soon…

  • Fel Pe

    Tell me about, yesterday bought 10 shares for $8,900, today just sold for $10,090. I’m getting me a nexus 5, thank you Google. :D

  • John Ligons

    The biggest thing is it jumped 10%…a $100 increase in stock is amazing…wished i jumped on it…