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%.