Here’s some news that should not be very surprising: people really like the Nexus 7 tablet. At such a reasonable price, it’s not surprising at all that it’s selling so well. According to an analyst, the 7-inch tablet likely sold 800,000 to 1 million units in the third quarter of this year.
According to Piper Jaffray analyst Gene Munster, Google’s “other income” line of its earning report hints at the number of Nexus 7 tablets sold. The revenue from this tab showed $666 million. Munster believes that because this number is up from $385 million last year, this section may well include income generated from a large number of Nexus 7 tablets sold.
The odd thing about this is that Google has not specified any sales figures for the Nexus 7. If the device is doing as well as this report indicates, you would think they would be quick to announce such figures. Google loves to annonce how well they are doing in terms of new Android activations, it would only seem logical that they would be just as quick to announce how well its Nexus 7 tablet is doing.
Overall, Google saw a slight decrease in profit this year for Q3. Last year Google generated $2.73 billion in profit and this year that number was down to $2.18 billion. That being said, Google’s overall revenue went up to $11.33 billion. Google cites a 71% increase in expenses as the reason for lower profit.[via ZDnet]