Google Share Price: Relationship with Apple Now Better

on Jul 12, 2013
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iNVEZZ.com, Friday, July 12: Google’s (NASDAQ:GOOG) Executive Chairman Eric Schmidt yesterday said that the company’s relationship with US rival Apple Inc (NASDAQ:AAPL) had improved over the past year. Schmidt, who talked to reporters at the annual Allen and Co media conference in Sun Valley, Idaho said that the two tech giants and sometimes partners had conducted “lots and lots” of meetings. He provided no details about the nature of the meetings but said that Nikesh Arora, Google’s Chief Business Officer, was leading many of the discussions.

The Google share price remained flat at $919.80 in pre-market trading in New York as of 14:00 GMT on Friday.

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Google and Apple were in “constant business discussions on a long list of issues,” Schmidt said at the media conference yesterday, as quoted by Reuters. The rivalry between the two companies has escalated in recent years after Google challenged Apple’s dominance in smartphones by creating its own mobile operating system called Android. Today, Android is by far the most popular operating system for smartphones commanding about 75 percent of the global market.

!m[The Two Companies Are in Constant Discussions, Google’s Executive Chairman Says](/uploads/story/3942/thumbs/pic1_inline.jpg)
Last year Apple removed the Google Maps application from its iOS devices in a bid to lessen its reliance on Google’s online services and replaced it with its own mapping software. The move was unsuccessful, to say the least, as the Apple mapping product proved to be ridden with bugs. Google then updated its mapping application for the latest version of Apple’s iPhone.
**The Google share price (pre-market) was $919.50 as of 14.22 GMT, 12.07.2013**

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