Google may have sold 800,000 to 1 million Nexus 7 tablets

Summary:Lost in Google's third quarter miss---falling cost per click metrics and Motorola Mobility's losses---was the company's "other income" line

nexus7

Google is likely to have sold about 800,000 to 1 million Nexus 7 tablets in the third quarter, according to an analyst.

Lost in Google's third quarter miss---falling cost per click metrics and Motorola Mobility's losses---was the company's "other income" line. Google reported "other" revenue of $666 million, up from $385 million in the third quarter a year ago.

That "other" revenue may have had a lot to do with the Nexus 7 tablet.

Piper Jaffray analyst Gene Munster said in a research note:

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% q/q vs. 4.7%.

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Topics: Mobility, Google, Tablets

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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