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posted by jessica.sooknanan in Money / Career

The sun sets on the Apple Empire

February 20, 2013

It looks like Google is giving Apple a run for its profits.  

Tuesday morning, Google shares rose to $800 for the first time.  All this growth happened mostly within the past seven months, all while the price of Apple stock tumbled downwards. 

That lost Apple money went elsewhere - and a lot of it seems to have gone to Google.  Apple fanatics have been less than thrilled with their latest products. The iPad Mini has been touted as an attempt to compete with the Kindle (at three times the cost), and the iPhone 5 was lack luster compared to the innovations of Apple's competitors. Apparently all these disappointments has been driving Apple loyalists straight into the beckoning hands of the competition - namely, Google.

 

Google is also toying with the idea of opening a Google store.  These stores will probably sell Google hardware - Chromebook laptops, tablets, phones, and the much-anticipated Google Glass.  

Analysts say the opening of a Google store could be a goldmine for the company.  Apple makes about $50 million per year off each Apple store.  Nothing has been finalized for a Google Store, but it seems like the next logical step for this growing giant.

Has the Apple Empire be brought to an end by the rise of Google?

Do you think a Google Store would be successful for the company?  

How do you imagine the Google Store to look?

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