Leaked documents have revealed that Apple Inc. (NASDAQ:AAPL) has been spending $12 million annually on Google Adwords.
Apple Inc. (NASDAQ:AAPL) Paying Off Google
As per the report, the leaked internal documents show proof that Apple Inc. (NASDAQ:AAPL) spent nearly $1 million on Adwords in the month of June 2010.
Considering June as an average month, the report calculates that Apple Inc. (NASDAQ:AAPL) has been spending around $12 million every year, similar to that of chip giant Intel Corp.
Apple Inc. Stock Info
As of 9/7/2010 (Last trade – 11:19am), the Apple Inc. (NASDAQ:AAPL) company shares are sitting at 258.54.
Over the past three months there has been a 1.1% change in the Apple Inc. (NASDAQ:AAPL) stock price.
Last Price: 258.54
52 Week Low / High: 167.09 / 279.01
Market Cap: 236320000
Consensus Analyst Opinion: Moderate Buy
Zack’s Industry Rank: 1 out of 3
We will be monitoring the Apple Inc. (NASDAQ:AAPL) share price for developments over the next few weeks.
