Home » Technology » Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOG) Shares Price Moving In Opposite Direction

Google Inc(NASDAQ:GOOG), which had hit an all-time high on Friday last week, was up again on Monday, hitting an intra-day high of 770.47, though eventually it closed down 2.14 percent at $759.02.

Rival Apple Inc.(NASDAQ:AAPL) is however having a dismal run in the markets. The shares have been dropping in value and are now more than a third down since the highs it hit in September, during the time it launched its iPhone 5.

Apple has been a high growth stock largely due to the fact that it has always been able to surprise its users and investors with its ability to introduce innovative products.

Recently, concerns have crept in about the company’s ability to sustain its growth rate and spectacular margins.

Apple’s current performance has also to be seen in the context of the spectacular run that it has had in the stock markets in the last five years. A correction has been long overdue.

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Google seems to be breathing new life as the market is re-assessing its prospects especially in the light of its foray into the hardware with the acquisition of Motorola Mobility.

After a brief scare last year, the Internet search giant has reassured its investors that it core search business is stable while new businesses in the area of mobile applications show that it has a lot of steam left in it yet.

Google too had a dream run till 2007 (since its IPO debut in 2004), after which the stock had paused to take a breather.

After that for five years the stock was kind of subdued though growing at a more modest rate. That was the time that the company made its move into the area of mobiles with Android, acquired YouTube and so on.

Going by that experience, we can safely say that the Apple stock is now in a period of consolidation.

It has numerous products in the pipeline and we have to wait for all those products to start yielding dividends. What has changed since 2007, when Apple launched its revolutionary iPhone, is that there is ore competition now and the company has to get used to that.

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