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Google shares up as it unveils two new handsets

Last updated: 15:34 29 Sep 2015 EDT, First published: 13:34 29 Sep 2015 EDT

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The two new products have been hotly anticipated

Shares in tech giant Google (NASDAQ:GOOG) nudged higher  Tuesday as the group introduced people to two new smartphones at an eagerly anticipated event.

Google is the world's most valuable company after Apple (NASDAQ:AAPL) and its tech products are as keenly awaited by tech customers and commentators alike.

The handsets will be availbale to buy directly from Google or a partner retailer, it was reported.

The Nexus 5X has a 5.2-inch display, while the Nexus 6P has a 5.7-inch screen.

Both  will use Android's Marshmallow operating system and fingerprint technolog and have a US$50 Google Play credit along with a free three-month subscription to Google Music. 

Google shares added 0.98% to US$600.76 in New York.

They have advanced around 16% over the last three months, compared with an 8.5% decline on the S&P 500 index.

Last week, Bloomberg reported that the Federal Trade Commission is investigating whether Google stifled competitors' access to its Android mobile-operating system, citing people familiar with the matter.

The inquiry is in its early stages, and it could end without a case against the company, according to the report. 

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