Google’s venture in tablet market gets great reviews and orders (NASDAQ:GOOG)
Google Inc (NASDAQ:GOOG) is marginally up as the company’s Nexus 7 tablet surpasses expectations showing a promising start.
The search engine’s newly released tablet is being bought highly by customers leading to shortage of book supply in the shops of major retailers. The Company’s first venture in the already highly competitive tablet market is beating expectations with the lots of content available on it.
Nexus 7 tablet uses NVDIA‘s Tegra 3 chip and is heavily integrated with Google.
The gadget is not only becoming so popular among the buyers but it has also received great reviews from gadget reviewers like the Wall Street Journal’s Walt Mossberg. Google’s tablet is offering a camera and a higher-resolution screen which comes as a great threat to Amazon’s Kindle Fire. Nexus is priced almost at par with Amazon’s Kindle Fire at $199.
Google’s Nexus 7 is built with the Company’s own systems and softwares mostly and has been co developed by Taiwan’s Asustek. The Nexus 7 uses Google’s Android mobile software, which has become the most prevalent operating system for smartphones worldwide.
The Company is going to report its second quarter results on July 18, 2012. Analysts are estimating the company to report $10.06 a share on revenue of $8.41 billion. In a year ago quarter, the company had earned $8.74 a share on revenue of $6.92 billion.
Shares of GOOD are now up 0.30% to $576.66. So far this year, shares of the company have fallen over 10% and underperformed the broader market.
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