Google said to have sold up to 1m Nexus 7 tablets

Oct 19, 2012
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Google's Q3 2012 earnings got out a bit too early yesterday due to what seems like a printing error by the company's printer PR Donnelley, and amidst all of the numbers and figures, the company is said to have sold between 800,000 and one million Nexus 7 tablets during the third quarter, according to Piper Jaffray analyst Gene Munster.

Munster believes Google’s "other income" line from its earnings report hints as to how many Nexus 7 tablets the company sold. The report showed a revenue of $666 million, up from $385 million during the same period last year. Munster thinks that "other" revenue may reflect Nexus 7 sales, which could've reached one million during Q3.

If Munster is right, that means Google sold over 10,000 Nexus 7 tablets every day on average since the device's announcement back in late June. Google surprisingly hasn't specified any Nexus 7 sales numbers considering that the company boasts about the number of Android activations there were in a given month or day almost every chance it gets.

Google's Q3 2012 earnings report showed a profit of $2.18 billion, which is down from $2.73 billion a year ago. That’s $6.53 a share compared to $8.33 a share from a year ago. However, revenue went up for the company, reporting an $11.33 billion revenue. According to Google, an increase in expenses had a lot to with the lower profit. Expenses jumped 71% from last year.

[via ZDNet]


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