Google’s Nexus 7 Is On FIRE!
Most major retailers were already out of stock of Google’s (NASDAQ:GOOG) Nexus 7 as the tablet arrived in U.S. stores on Friday. GameStop (NYSE:GME) said it had already run through its first two batches of the device, while Wal-Mart’s (NYSE:WMT) Sam’s Club chain, as well as Staples (NASDAQ:SPLS) listed the device as being out of stock on their websites as of Friday afternoon. Office Depot’s (NYSE:ODP) website was offering the device as of Friday afternoon.
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“We blew through the first two allotments,” a GameStop spokesperson told Reuters. A third allotment of preorders will reportedly be available in August.
Nexus 7 has been co-developed by Google and Asustek to compete with Apple (NASDAQ:AAPL) and Amazon.com (NASDAQ:AMZN) in the tablet market, and entice more users to buy the former’s online content. The $199 tablet was announced by Google at its annual developer conference in San Francisco at the end of June. The device, which has 8GB of flash memory and a Nvidia (NASDAQ:NVDA) Tegra 3 processor, was available on preorder over the past few weeks and started shipping on Friday.
The Nexus 7 uses the latest version of Google’s Android mobile software, Jelly Bean. While Android has been the dominant operating system worldwide for smartphones, it has not made much of an impact in the tablet market. Apple’s iPad dominates the tablet market, but analysts see the Nexus 7 as a more direct rival to Amazon.com’s Kindle Fire because of their similar price range. However, the Google device offers a camera and a high-resolution screen, which the Amazon tablet lacks.
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