Google (NASDAQ:GOOGL) has reached all-time highs as it trades above the psychological $800 price level. In this video, Motley Fool contributor Steve Heller explains why a high price isn't the beginning of the end for Google. The company is uniquely positioned to benefit not only from the smartphone revolution, but also from increased demand for online advertising. Together, Steve believes these factors represent a one-two punch for long-term Google investors. Investors can also look forward to new innovations that have the potential of becoming game-changing businesses down the road.

Fool contributor Steve Heller owns shares of Google and eBay. The Motley Fool recommends, eBay, and Google. The Motley Fool owns shares of, eBay, and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.