You forgot to say They Warned Late on Friday They might not meet most analysts estimates....Plus Android operating system has peaked as They will not be offering updated Android to Samsung.....Exactly How will Android remain the number 1 operating system without Samsung? Samsung will be switching to a Linux based Operating system. Not that Android makes money anyway since it is given away for free. Next is how many phones Did Googles Motorola sell? did they even sell as many as Rimm or Nokia?
I do not see how Google will continue to trade at the current price without showing growth or new device to propel growth
Back to 500$, there is a huge possibility for GOOG to drop $200+ just like AAPL did, IMO. I would be very cautious to hold GOOG. I don't see any catalyst for GOOG to hold at these levels. Nothing new and in addition there is too much competition from samsung, facebook, msft, et al.
Here you go, one more competitor for AAPL, GOOG and SAMSUNG.
Sony Corp. (6758), the electronics maker struggling after four straight annual losses, will introduce a new tablet computer in Japan this year as it tries to lure customers from Apple Inc. (AAPL) and Samsung Electronics Co.
The Xperia Tablet Z will be 6.9 millimeters (.27 inches) thick, weigh 495 grams (17 ounces) and have a 10.1-inch (26- centimeter) display, Sony said in a statement today. The waterproof device may debut in Japan as soon as March before appearing elsewhere, Noriko Shoji, a Tokyo-based spokeswoman, said by phone. The price hasn’t been decided, she said.
IMO, Most likely Sony will have WIN8, lets see if that is true then MSFT to go even higher.