Google may have sold as many as a million Nexus 7 tablets
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 is likely to have sold about 800,000 to 1 million Nexus 7 tablets in the third quarter, according to an analyst.
Lost in-- falling cost per click metrics and -- 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%.
This story originally appeared at ZDNet's Between the Lines under the headline "Google may have sold 800,000 to 1 million Nexus 7 tablets."