Google made a mistake yesterday by accidentally publishing its earnings early. The results failed to meet Wall Street expectations and the stock tanked. But the company may have some success hidden in its financial data. GigaOm noticed this morning that Google reported revenue of $666 million under the “Other” revenue category of its balance sheet. That’s up from $385 million during the third quarter of last year – so what’s responsible for the jump?
GigaOm tapped several famous mobile analysts for a hint as to why the jump in revenue occurred. It turns out the Nexus 7 might be the reason why. Piper Jaffray analyst Gene Munster said he estimates Google sold 800,000 – 1,000,000 Nexus 7 units during the quarter. Other analysts, such as Mark Mahaney from Citi Research, agreed with the 1,000,000 units sold figure.
Not bad at all, but to put that figure in perspective, Apple sold 5 million iPhone 5 units during the device’s opening weekend.