On Friday, October 15th, Google stock rose back up to $600 for the first time in nine months. Google has reported a 32% increase in profits now that is it using stronger search ad fees from advertisers.
Many investors thought that Google would not make money outside of advertisements, but they have been proved wrong. Google's Android smart phone has risen to the second most popular smart phone on the market. The phone will be responsible for 17.7% of the cellular phone market by the end of the year.
Google says it does about $1 billion in sales of advertisements per year, and it may go up due to new features like Google's new "instant search". Its stock looks like it will stay on the upswing, although it is still not close to its all-time high in stock of $747.24.
(story courtesy of CNN.com)
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