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Google stock soars after release of Maps for iOS, climbs above $700

Google's return to iOS mapping boosts their stock above the $700 mark

| Business, Financial & Legal News | Posted: Dec 13, 2012 9:04 pm

Google's stock is doing great after the release of Maps for iOS. Google's stock opened above $700 today, and climbed as high as $716.47, but has now dropped back down to $704.32, at the time of writing. This is still well above yesterday's closing price of $697.56, showing investors are happy Google has returned to iOS.

 

TweakTown image news/2/7/27264_1_google_stock_soars_after_release_of_maps_for_ios_climbs_above_700.jpg

 

While the new app isn't the default application, nor can it be made default, the sheer option of having Google Maps back on iOS makes many people happy. I know I'm happy to have a dedicated app back for iOS, especially one that is capable of doing turn-by-turn directions.

 

By producing an app for iOS, Google can not only collect more information regarding traffic and other things, they also have a chance to increase revenue by showing local ad listings in the app. Who else is excited that Google Maps is back on iOS in app form?

NEWS SOURCE
Mashable.com

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