ZAIN ASHER, CNN BUSINESS CORRESPONDENT: From the CNNMoney Newsroom in New York, I'm Zain Asher. Google's stock price surpassing $900 a share for the first time ever in the company history. Now keep in mind it has never split since the company went public in 2004. Now, let's look at how Google has done over the past five years. It's up 60 percent compared to five years ago. Back in 2008 it was trading at roughly $550 a share. Right now it's trading at $900 a share. Now, part of the reason is renewed investor confidence in Google's ability to make money. You've got strong ad sales, plus its Android software is operating on over 600 million smart phones. Take a look at the market share right here. Android has 70 percent of the market share compared to Apple's iOS, which has 22 percent of the market share. Plus YouTube, which is owned by Google, is now rolling out paid programming, creating new ways to make money from content. Also, its annual development conference kicked off today in San Francisco. Investors got bullish as they anticipated possible new announcements of products and services. Now, you've got to remember that last year they announced Google Glass, so expectations this year were very high. This year, the company announced a newer version of Google Maps, a music service similar to Spotify and a new Nexus phone. Also take a look now at Apple's main competitor -- Google's main competitor, excuse. Apple is not doing so well right now. Its share price has dropped like a stone. In 2012, it was trading at roughly $700 a share back in September. Now it's trading at roughly $400 a share. So from the CNNMoney Newsroom in New York, I'm Zain Asher. We'll be back at the same time tomorrow.
Google Stock Price Surpasses $900 Per Share For First Time