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GOOG Off As Tech Rises
Markets are surging back from morning lows. Shares of GOOG are off again after Apple’s announcements yesterday. Investors continue look for Android momentum on smartphones and tablets and monetization and integration of Motorola; regaining ground in China; the resurgence of Google TV; continued growth of YouTube; expansion of social network Google+; and progress in other initiatives (location-based services, mapping, Google Wallet, Google Music, etc.). The stock trades at approximately 10.0x Enterprise Value / EBIT.Apple Is Really Trying To Kill Off Google (Business Insider)
Apple is at the start of a truly “thermonuclear war” on Google. It’s clearer than ever that Apple really is going to attempt to kill Google. And we’re not just talking about Android. Apple is going to try to blow up all of Google. Google, for all of its ancillary businesses, lives and dies with search.
- Local search with new maps application
- Siri is Apple’s search engine
- “Passbook” has the potential to be a better version of Google Wallet
- Apple is trying to make the web irrelevant
- Facebook, Google’s nemesis, just got a boost as a big Apple partner
Apple is doing everything it can with iOS to de-emphasise the importance of search, and the web, in its mobile devices. Check out Jay Yarow’s interview on CNN this morning.
900K Android Activations Daily And Rubin Isn’t Leaving (The Verge)
Early yesterday, Robert Scoble posted a rumour on his Google+ feed that Android boss Andy Rubin was preparing to leave Google to join a stealth-mode startup called CloudCar. The rumour was enough to get Rubin to post his eleventh tweet on Twitter (I guess he does know how to use it after all), denying the rumour and taking the opportunity “for meme completeness” to point out that there are now over 900,000 Android devices activated daily, up moderately from the 850,000-per-day figure he’d mentioned at MWC in February.
Apple Rubs Google’s Nose In Android Fragmentation (Business Insider)
Apple took a lot of potshots at Android and Google yesterday. Scott Forstall, the head of Apple’s mobile software flashed a graphic and said, “More than 80% of our customers are running the latest version of iOS, iOS 5. Now if you compare that to the competition, they released a dairy product, 4.0, about the same time that we released iOS 5. And about 7% of Android customers are running the latest version.” Yes, this is an Apple talking point, but it’s important. Over 80% of Apple’s users have the best possible OS Apple can make. Only 7% have the best possible OS Google can make.
Apple’s Billionaire Competitors Loose Big On WWDC Day (Forbes)
While the U.S. stock market as a whole went south yesterday amid Eurozone worries, the billionaires behind Apple’s big competitors were among the hardest hit. Microsoft moguls Bill Gates and Steve Ballmer saw their fortunes dip a combined $629 million. Gates was the biggest loser, down $378.24 million as his company’s stock fell 2.55%. Google kingpins Sergey Brin and Larry Page were also worth slightly less at close of market on Monday, losing a combined $617 million as the search engine’s stock fell just over 2%.