Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian

Google To Cancel Subsidies Due To 'Booming' Chromebook Sales


DigiTimes reported that Google (NASDAQ: GOOG) will likely cancel development and marketing subsidies due to the "booming" sales of Chromebooks.

According to Google's supply chain makers, Chromebook sales have exploded with "devices selling well in the inexpensive notebook segment in the US, and widely adopted for educational use through government procurement projects." The source noted that Google expects to sell four to five million Chromebook units in 2014.

DigiTimes reported that the cancellation of subsidies may discourage additional vendors from developing or offering Chromebooks.

Shares of Google closed at $1,204.11 on Friday.

Posted-In: Chromebook DigitimesNews Rumors Media


Related Articles (GOOG)

View Comments and Join the Discussion!

J.P. Morgan Advises Investors To Buy Netflix On Dip

Albert Fried: TiVo Comes Out On Top In Netflix/Comcast Deal