The trend on investing in technology companies continued to increase. People's need for gadgets continuously benefit tech titans. The digital lives of users were almost completely shaped by a handful of corporations but according to analysts, in a race for increasing tech stock prices, Google would win.
Google's smartphone model Moto X would be presented on August 1 in New York City. Its sales would be a cash cow for the company. It would steal a relevant market share from Apple and Samsung. Moreover, the android platform was expected to remain as the leading mobile operating system. This would further offset the negative effect presented by the relatively inexpensive mobile clicks.
The research and development expenditures of Google was reported to be on the rise. It increased by 14% during the second quarter and up from 13% last year. This indicated that Google kept on innovating so that it could continue to grow. In addition, Google owned one of the biggest P/E ratios in the industry at 27. As it faced the weak mobile monetization, the company would remain in the position that is way above other corporations in the industry.
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