Not so long ago, Google published
another quarterly report. This time the figures for Q1 2014 turned out
to be not as good as expected, thereby disappointing investors. All in
all, the was a year-over-year increase. Still, investors found something
controversial about the figures, which ultimately resulted in a bearish
move in the market of Google's stock.
In particular, the company's proceeds reached $15,4bn during the
reporting period. This is +19% y/y. The operational profit also
increased from $3,75bn in Q1 2013 up to $4,12bn in Q1 2014. The
investors are worried about the fact that Google seems to have increase
the internal spending volume. In particular, the sum spend on improving
and promoting the company's services is up by 23%.
All in all, Google, is the world's
biggest tech giant. This is a true heavyweight in such the internet
industry. It owns Youtube, Gmail and the famous Google search engine.
The corpration has recently been involved in the production of various
gadgets, including smart glasses and watch, along with various
smartphones. By the way Android, the world's most popular mobile OS is a
Google child as well, along with its app store called Google Play.
Despite being strong, the company's stock has already retraced a lot from the all-time high. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of GOOG:
