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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
By: Trace Hagan | 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.




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?


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