Google has become one of the most polarizing stocks in the market. Google has grown to become one of the world's largest companies. Google is primarily known as a search engine. However, they have started to venture out into different areas that have led to even more stock growth. While you may be assuming that it can only go down from this point, you would be wrong. In this article, we will be going over some of the top reasons to invest in Google stock today.
Reasons To Invest In Google:
One of the biggest reasons to invest in Google is because Android has become such a dominant player within the smartphone realm. Android has over 50% of the smartphone market share and is only growing as new manufacturers enter the space such as Blackberry and Nokia.
Google essentially benefits from this increased rate of adoption because it makes revenue from each application sale on it's marketplace and Android gets more consumers ingrained into the Google ecosystem which further helps them dominate the search engine space.
Because the increase in manufacturers opting for Android operating system for their smartphones, it has been helping to drive the overall cost of the devices down which has helped increase the adoption rate and helped Google become the number one operating system on smartphones with no signs of slowing down. As more devices enter the market, you can expect Android's rate of use to increase with various kinds of devices hitting the market such as tablets, smartphones, wearables, virtual reality, and more.
2. YouTube Red.
YouTube is one of Google's money makers. The fact that they finally found an additional way to monetize YouTube through a streaming service of their own shows that Google still has room to grow in terms of revenue. YouTube Red is bound to increase YouTube's profitability by allowing subscribers to invest in Ad Free services.
Google is also planning on providing high quality shows of their own in order to compete with highly thought of services such as Netflix and Spotify. Because Netflix and Spotify have 69 and 60 million users worldwide, it goes to show the potential that Google has with YouTube Red as it can infiltrate both markets. Thus, you can expect Google to take a substantial chunk of the market given it's positioning as the biggest Operating System in the world.
A lot of users will simply switch their buying and streaming habits to Google purely based on the fact that it is more convenient.
As you can see, investing in Google stock is one of the best decisions that you can make. Google is only going to go up from here. They have so many different things that they are getting into with a lot of potential.
Therefore, you can expect Google's revenue to skyrocket as these things begin to gain more traction within the marketplace. Google's stock has never been more primed for investment and it comes with a lot of potential.
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