iPad Mini’s Strong Reviews, Nexus 7′s Sales: Tech Business Roundup
A consensus among reviewers has it that the iPad Mini (NASDAQ:AAPL) is the best small-size tablet available, though it is not exactly inexpensive. The analysts and observers quite often praise the product’s build quality, battery life, weight and thickness, use as an e-reader, and application support as well as tech that ignores accidental touches caused by the Mini’s small bezels.
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Chief Financial Officer David Chang of the manufacturer Asus says that sales of Google’s (NASDAQ:GOOG) Nexus 7 tablet have been improving, remarking that, “At the beginning, it was, for instance, 500,000 units a month, then maybe 600, 700,000. This latest month, it was close to 1 million.” His comments shortly followed the 7 receiving a storage upgrade and prior to the iPad Mini starting its shipping. The tablet is powered by Nvidia Corporation’s (NASDAQ:NVDA) Tegra 3 processor, which is believed to cost between $15 and $25.
Shares of Riverbed Technology (NASDAQ:RVBD) take a dive as the Street disapproves its purchase of Opnet Technologies (NASDAQ:OPNT). Not helping the situation is a downgrade at Jefferies to Underperform as the firm points out that Riverbed is paying 30 times its estimated 2013 earnings per share, except cash and interest income, for Opnet and sees the acquisition as evidence that the firm’s core WAN Optimization hardware market is decelerating.
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