Peter Thiel Prefers Google Inc (GOOG) Stock Over Apple Inc. (AAPL)

Google (GOOG)

Debates on which stocks to invest in over others, are continuous processes that keep investors and businessmen updated about where to put their money. And the latest one has been triggered by Peter Thiel, an iconic investor and the co-founder of Paypal Inc. In a comprehensive interview with CNBC, who is an earlier investor in Facebook Inc., said that he would rather invest in Google Inc (NASDAQ:GOOG) over Apple Inc. (NASDAQ:AAPL). This interview comes after Apple Inc. (NASDAQ:AAPL) released iPhone 6 and iPhone 6 Plus.

Thiel’s comments also come at a time when there is growing concern in Europe over U.S. data surveillance activities that compromise the privacy of Google Inc (NASDAQ:GOOG) search engine users. On this Thiel says that the “antitrust” in Europe is also giving firms and advocacy bodies the momentum to seek court declarations to cut off Google search from the region or to compel the company to change some search algorithms relating to Europe. This is however a debate that has been around for a while and the Google Inc. is working round the clock to cool the tempers.

Google (GOOG)

So why does Thiel think that investing in Google Inc (NASDAQ:GOOG) is better than investing in Apple Inc. (NASDAQ:AAPL) in the long run?

According to Thiel, Google Inc (NASDAQ:GOOG) stock is better placed to rise over the next ten years compared to Apple Inc. (NASDAQ:AAPL). In his analysis, Thiel argues that Apple Inc. (NASDAQ:AAPL) might lose to existing or new devices that are fairly priced. He even went ahead to say that the premium smartphone producer cannot rely on Apple Pay, the new payment system available on iPhone 6, and iWatch to continue giving it a hold on the market.

“Even the iPad wasn’t enough to move the dial,” he said. “Maybe if they reinvent television sets, which is a thing they’ve been talking about for a long time, that might be a vertical that would be big enough.”

This revelation comes after Google Inc (NASDAQ:GOOG) launched the affordably priced Android One in New Delhi, India, looking to bring in billions of new users from the developed world. With more than 70% of handhelds running on Android, Google Inc (NASDAQ:GOOG) is strategically working to capture the developing world with fairly priced gadgets to beat premium smartphones such as Apple Inc.’s iPhones. This is besides the company’s premium devices that are targeting markets with higher spending power.

This article has been written by Victor Ochieng.

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