Everyone loves Google's new phone, and the stock has hit an all-time high
AP
Google CEO Sundar Pichai at the company's Pixel phone announcement.
Following a bunch of glowing reviews for Google's first smartphone, the Pixel, Alphabet's stock reached all-time highs Tuesday, reaching up to $801 per share.
The Pixel is just the first device out of a slew of new hardware products from Google. In a few weeks, it'll release the Google Home connected speaker, a new router called Google WiFi, and a new version of the Chromecast that works with 4K TVs.
It's still too early to judge whether or not Google's new emphasis on hardware can match the scale of companies like Apple and Samsung. It'll be years before that happens. But the company is off to a good start.
Before Google announced the hardware, some analysts predicted the stock would go all the way to $1,000.
Alphabet reports earnings on October 27.
Next Story
As Ilya Sutskever announces OpenAI exit, here’s a quick recap of his involvement in Sam Altman's firing last year
DHFL scam, simplified: Here’s all about the Dheeraj Wadhawan case — allegedly India’s biggest banking loan fraud ever
India-UK trade pact: Work in progress to resolve pending issues
5 most colourful mountains in the world
Vivo takes the top spot in India: Top smartphone brands in Q1 2024
