Google stock hits new high, surpasses $900 a share

Shares of Google surged to a new all-time high, breaching the USD 900 mark for the first time, as the Internet giant opened its developers' conference.

The rise gave Google a market value of more than USD 300 billion. That is still below the value of Apple, worth more than USD 400 billion at current share values. However, Apple, unlike Google is losing some momentum and is on its way down.

As per the rumours, Google is set to launch a music subscription service, and a new version of Google Maps.

Read more about: google
Story first published: Thursday, May 16, 2013, 9:30 [IST]
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