Google shares at record high thanks to Pixel phone reviews

Has Google finally hit the smartphone jackpot?

Shares of Google/Alphabet are trading at record highs after many positive reviews of the company’s new Pixel phone were published Tuesday.

Among the fans of the new phone, which is the first to be designed by Google, is longtime tech guru Walt Mossberg, who called it “easily the best Android phone” he has tested.

“In its first try, Google has landed itself in the same class as Apple’s iPhone and the Samsung Galaxy S7 (that company’s non-exploding model),” Mossberg wrote for the Verge.

The Wall Street Journal’s Joanna Stern: “The Google Pixel is now the best Android smartphone you can buy. The other leading contender was disqualified due to spontaneous combustion.” (She’s talking about Samsung’s Galaxy Note 7, which is no longer being made because of batteries that overheated and caught fire.)

The Pixel is manufactured by HTC, but Mossberg notes that unlike with the Nexus, Google designed the hardware, software and cloud ecosystem for it — an Apple-like move that he says will “shake up the industry.” While the Pixel is only being carried by Verizon in the U.S., it appears investors are excited about the possibilities.

Google shares are up $5.30 to $826.79 as of this post. They closed at $821.49 Tuesday. At least one analyst, Youssef Squali, of Cantor Fitzgerald, thinks their rise can also be attributed to “hope from a strong quarter from all internet companies.” Google reports earnings next week.

 

Photo: Rick Osterloh, Google senior vice president of hardware, introduces the new Google Pixel phone Tuesday, Oct. 4, 2016, in San Francisco. (Eric Risberg/AP)

 

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