Tuesday, October 18, 2016

The Transport Guy: Everyone loves Google's new phone, and the stock has hit an all-time high (GOOG)

Steve Kovach October 18, 2016 at 01:04PM

sundar pichai google ceo

It's shaping up to be a good week for Google's parent company Alphabet.

Following a bunch of glowing reviews for Google's first smartphone, the Pixel, Alphabet's stock reached all-time highs Tuesday, reaching up to $801 per share.

The Pixel is just the first device out of a slew of new hardware products from Google. In a few weeks, it'll release the Google Home connected speaker, a new router called Google WiFi, and a new version of the Chromecast that works with 4K TVs.

It's still too early to judge whether or not Google's new emphasis on hardware can match the scale of companies like Apple and Samsung. It'll be years before that happens. But the company is off to a good start.

Before Google announced the hardware, some analysts predicted the stock would go all the way to $1,000.

Alphabet reports earnings on October 27.

SEE ALSO: The Google Pixel review

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Everyone loves Google's new phone, and the stock has hit an all-time high (GOOG) from Business Insider: Steve Kovach

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