GOOG Stock – Google Has an Ace Up Its Sleeve
While it’s become cliche to describe a company as a juggernaut, the word fits the bill for Google. GOOG stock has been stellar because the company has logged more than a decade’s worth of annual increases in revenue and earnings.
Despite occasional setbacks and questionable tactics, you can’t argue with that kind of consistent growth. It was first fueled by web search, then online apps, and most recently, Android. GOOG is hardly out of growth ideas, however.
It may have seemed silly at first, but now that the concept of Google Glass has had some time to simmer, there may be a real revenue opportunity here. And not because GOOG says so, but because third-party developers and entrepreneurs are already seeing ways to capitalize on the technology.
Google Glass-powered products could serve as a virtual golf caddy, translate foreign languages, act as a compass or provide a stopwatch … just to name a few. It’s still more sci-fi and frivolous than some technology fans might care to use, but it looks like GOOG understands Google Glass has to be practical to be marketable.
Investors can afford to be compelled by that potential, and by GOOG stock.