Google Inc. (NASDAQ:GOOG) is closing the gap every month

  on Nov 30,2012 Posted in Business News ,Finance
 
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App Annie, an app analytics company, released a report on Thursday claiming that Google Inc. (NASDAQ:GOOG) Play revenue is up 311%. The App Store showed a much smaller revenue growth of 12.9% to 2012. The data reveals that while Google Plays has more rapid growth rate, the App Store still has revenue four times higher as compared to its Google counterpart, even though it’s growing at a slower pace. App Annie claims its numbers are correct as well with over 80% of the top 100 iOS app publishers using the services.

However, the report show that the gap between Google Play and the App Store is small in overall downloads. App downloads for Android users moved up 48% so far in 2012 compared to only 3.3% growth in downloads for the App Store. Overall, the revenue gap between Google Play and the App Store persists, but Google Play is closing the gap every month making parity only a matter of time.

At the close of the trading day, Google Inc (NASDAQ:GOOG) shares rose +1.20% to settle at $691.89. Intraday trading was between $682.00 – $693.90.  In the past year, the stock has traded within a range of $556.52 – $774.38. The last session’s volume of 2.78 million shares was down from the average daily trading volume of 2.91 million shares.

Blucora Inc (NASDAQ:BCOR) shares were up +1.03% to close at $14.71. The stock traded between $14.55 – $14.88 during the last trading session.  In the last 12 months the shares have traded between $9.38 and $18.63. The last session’s volume of 157,407 shares was a bit lower than their average daily trading volume of 339,936 shares.

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) shares in the last session were up +3.33% closing at $99.00. The stock traded in a range of $95.14 – $99.40.  In the last year the stock has moved within a range of $90.55 – $154.15. The last session’s volume of 5.93 million shares was up from their average daily trading volume of 5.12 million shares.

Another rival company Yandex NV (NASDAQ:YNDX), traded up +0.63% moving to $22.22. Intraday trading recorded the stock price in a range between $21.86 – $22.44.  In the previous 52 weeks the price has traded between $16.60 – $28.14. The last session’s volume of 1.21 million shares was up from their average daily trading volume of 989,896 shares.

 



 

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