Google (NASDAQ:GOOG) Unveils Touch-Screen Chromebook Laptop

Google Inc (NASDAQ:GOOG) unveiled a touch screen version of the Chromebook laptop, accelerating its rivalry with Microsoft Corporation (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL) in computer hardware.

Google, owner of the world’s most popular search engine, reported at an event in San Francisco that a Wi-Fi only version of the Pixel Chromebook will go on sale in the United States on Thursday for $1,299. The corporation plans to launch a $1,449 version in April with access to so-called long-term evolution wireless networks.

Google is broadening in hardware to attract more users to its Web-based services with Chromebooks that rely on Internet applications rather than built-in software.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) rose +0.36% to settle at $88.77, Yandex NV (NASDAQ:YNDX) moved down -2.78% to end at $23.10 while Blucora Inc (NASDAQ:BCOR) dropped -1.43% to finish at $15.80 on Thursday.

Google Inc (NASDAQ:GOOG) last session’s volume of 3.51 million shares was higher than its average volume of 2.50 million shares. The stock after opening at $798.00 hit high price of $805.45 and then closed at $795.53 by scoring +0.39%.

GOOG generated revenue of $50.18 billion in the previous twelve months and earned $10.79 billion. The Company showed a positive 21.50% in the net profit margin as well as in its operating margin which remained at 25.43%. Company’s annual sales growth for the past five years was 24.77%.

The GOOG’s past twelve months’ price to sales ratio was 5.23 and price to cash ratio remained 5.45. As far as the returns are concerned, GOOG’s return on equity was recorded as 16.61% and return on investment increased 15.08% while its return on asset stayed at 12.97%.

The stock showed weekly upbeat performance of 1.62% which was maintained for the month at 13.18%. Likewise the positive performance for the quarter was recorded as 19.05% and for the year was 31.57% while the YTD performance remained at 12.46%.

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