Analyst: Google has sold about 1 million Nexus 7 tablets

Analyst: Google has sold about 1 million Nexus 7 tablets
According to Piper Jaffray analyst Gene Munster, Google has sold somewhere between 800,000 and 1 million Nexus 7 tablets since launch in June.

The analyst came to the conclusion after reading through Google's recent quarterly earnings report. The company did not directly report the Nexus 7 unit sales.



Munster says the "other income" entry in the report was a reference to the tablet. 'Other Income' came in at $666 million for the Q3. Adds Munster: "We believe Google's Other Income of $666 (compared to Street at $477) suggests that Google likely sold 800k-1m Nexus 7s in Q3. Excluding our estimated Nexus 7 impact, core net revenues would have been up 2.5 percent quarter-over-quarter vs. 4.7 percent."

Google CEO Larry Page did not waste any time urging investors to purchase the popular tablet: "Today there are over half a billion Android devices-half a billion with 1.3 million more being activated every day. You should all run out and buy the Nexus 7 tablet for $199. It's had rave reviews and recently won Gadget of the Year from T3, the gadget experts. You'll love the integration with Google Play. It is an amazing device."

Written by: Andre Yoskowitz @ 19 Oct 2012 21:31
Tags
tablet Sales Earnings google nexus 7
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