Google Inc (NASDAQ:GOOG) all set to release a new gaming console


Dallas, Texas 07/02/2013 (Financialstrend) – Google Inc (NASDAQ:GOOG) stock took a gradual rise by 0.3% late last week and closed at $879.55. It seems just a matter of time before it hits the 1000 mark. If there was someone to take the credit, it is believed to be the sales team who has been pulling all strings to keep a controlled check on its cost and overhead. Moreover, with few of its products lined up in the market such as the Google Glass, Google Fibre, etc., Google Inc (NASDAQ:GOOG) will aim to capture a good share of the market. According to Carlos Kirjner of Bernstein Research, Google forecasts an EPS of around 50$ which he believes will push Google’s share price to a strong 1000$ and above. So now we know where one could invest their money with the current PPS, with experts predicting a 24% gain in the near future.

Google Inc (NASDAQ:GOOG) is also set to release a new gaming console which is thought to be a revamped version of the ‘Nexsus Q’. If the report on Wall Street Journal is to be believed, Google, Inc. is in the midst of the development of their innovative wrist watch featuring Android operating system. Both of these products are projected to be in the market at the turn of the next year. Also, the market for local advertising represents a huge potential for Google Inc (NASDAQ:GOOG). This is a large, still relatively untapped opportunity for Internet advertisers. It is estimated that local advertising market in the U.S was an astounding $133 billion in 2011, of which a mere 16% being online. According to Mark Mahaney, analyst at RBC Capital, this gap could be bridged through efficient use of Google Maps. If this were to happen, Google will see itself take control of a good portion of the $100 billion market.