Google, Inc. (NASDAQ:GOOG) reports highest mobile advertisement revenue

Google, Inc. (NASDAQ:GOOG), the leading search engine provider, reported the highest mobile advertisement revenues for the fiscal year 2012, rising by an overall 83 percent for all players in the market. According to the recent report released on Tuesday by IHS, a data and media consultancy firm, and by the Interactive Advertising Bureau, the mobile advertising market at the international level generated around $8.9 billion in revenue for the fiscal year 2012, recording an increase of 83 percent from the previous year’s revenue for the market.

Markets with the highest mobile generation contributed the most to this revenue increase, with 111 percent growth in the markets of United States and 91 percent growth in Western Europe. Around 52.8 percent of the revenue for mobile advertising was primarily generated through mobile search, indicating that Google, Inc. (NASDAQ:GOOG) contributed significantly to the revenues of this market, which seems highly attractive and promising with prospects for very high growth in the near future.

After reaching the intraday high price of $912.95, the share price of Google, Inc. (NASDAQ:GOOG) closed at $905.24 with an intraday low price of $897.98. The share price of Google, Inc. (NASDAQ:GOOG) rose by 0.02 percent, closing on Tuesday at $911.00. The 52-week high price of Google, Inc. (NASDAQ:GOOG) is $920.60 and the 52-week low price stood at $562.09. With 331.77 million total outstanding shares, the market capitalization of Google, Inc. (NASDAQ:GOOG) is $300.33 billion. The intraday share trading volume for yesterday was 1.98 million, whereas the average trading volume of Google, Inc. (NASDAQ:GOOG) heads up to 2.25 million. Institutional ownership in Google, Inc. (NASDAQ:GOOG) records a contribution of 71 percent of the company’s total outstanding shares.

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