Google(GOOG) may not be the most valuable tech company, a crown that Apple continues to own over the years. Still, the search giant has amassed huge growth and market value ever since its inception. On Friday, Google’s shares spiked by a value of 2.63%, reaching a record high of $775.60, the highest ever in the company’s history.
Google has performed fairly well in terms of market value over the years. The reason for this may lie in the fact that the company keeps dishing out newer services and products. Especially with Google’s entrance into the mobile platform with its open-source Android solution, Google has made a smooth transition from being a primarily desktop-centric company to a mobile-centric tech titan.
In terms of total market value, Google has exceeded $250 billion, which marks the highest valuation for the company. However, in terms of the tech industry at large, Google is still a long way behind Apple which has a market value of $425 billion, being the most valued tech company.
In fact, Apple went on to become the most valued company in the whole world for a brief moment, though the crown was snatched back by Exxon Mobil soon enough.
The big question for Google is, will it be able to sustain the market value and build over it further. The prospects seem promising since the search giant is currently working on a whole range of new products, ranging from self-driving cars to Google glasses and more.