I could never understand why people started doubting Google and their strategy. With 90% of desktop search and 98% of mobile search, they could hardly be in a more dominant position. Add with the acquisition of DoubleClick and then Admob, Google is building up an incredible monopoly in online/mobile advertising.
The numbers released for Q3 2010 back this up:
For July through September, Google’s net income rose to $2.2 billion, or $6.72 per share, from $1.6 billion, or $5.13 per share, a year earlier.
Excluding certain expenses, Google earned $7.64 a share, topping the $6.69 share analysts expected.
Revenue rose 23 percent to $7.3 billion from $5.9 billion a year earlier.
The company ended the quarter with about $33.4 billion in cash and marketable securities.
… after-market trading of Google shares saw their price leap $50 to $590. You could have bought Google for $450 only a matter of weeks ago.