How Much $1,000 Invested In Google When It Bought Android 18 Years Ago Is Worth Now
Portfolio Pulse from Shanthi Rexaline
Google's acquisition of Android in 2005 for $50 million has proven to be a highly profitable move. Android now holds a 70.9% share of the mobile operating system market, compared to Apple's 28.36%. Android apps and services generate revenue for Alphabet, Google's parent company, through the Google Play Store. Additionally, Android helps Google avoid costs for being the default search engine of any other OS. An investment of $1,000 in Alphabet on the day of the Android acquisition would now be worth $22,689.2, a return of 2,270% over 18 years.
August 28, 2023 | 9:54 am
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POSITIVE IMPACT
Google's acquisition of Android has significantly boosted its revenues and market share in the mobile OS market. This has likely contributed to the strong performance of Alphabet's stock.
The acquisition of Android has allowed Google to dominate the mobile OS market and generate significant revenues, which has likely had a positive impact on Alphabet's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Apple's iOS holds a 28.36% share of the mobile operating system market, significantly less than Android's 70.9%. This could potentially impact Apple's competitiveness in the mobile OS market.
Apple's smaller market share in the mobile OS market compared to Android could potentially impact its competitiveness and stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
The Invesco QQQ Trust has seen a 1,069% advance over the past 18 years, less than the 2,270% return from an investment in Alphabet.
The lower return from the Invesco QQQ Trust compared to an investment in Alphabet could potentially impact investor sentiment towards the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50