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Wednesday, April 21, 2010
Google Nexus One Smartphone is a Profitable Business, CFO Says - Clint Boulton, eWeek
Google CFO Patrick Pichette said Google's Nexus One is profitable, answering one of the pressing questions financial analysts posed soon after the device launched Jan. 5. However, he wouldn't disclose how many of the devices have been sold or other core economics. Broadpoint AmTech analyst Ben Schachter said he estimated Nexus One unit sales at 200,000 units, contributing $106 million or 2 percent of Google's net revenue. That figure stands to increase when Verizon Wireless, Vodafone and Sprint begin offering wireless plans for the device this year.
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