Google's Nexus 7 will compete with the iPad and Kindle Fire for tablet market
The second generation of the Nexus 7 tablet was unveiled Wednesday at a Google company event in San Francisco, as the Internet search company tries to compete with Apple and Amazon.com for the tablet market.
While tablet makers are competing with each other, tablets are competing with smartphones and personal computers for usage by the consumer.
A Spectrem’s Millionaire Corner survey of investors indicates that tablet ownership among the Mass Affluent (with net worth of between $100,000 and $999,999 not including primary residence) has grown to 52 percent, and has seen a 36 percent increase in the last two years. Smartphone ownership is at 55 percent.
Ownership of tablets and smartphones among young investors (44 and under) jumps to 75 percent or above.
Personal computers are owned by 81 percent of the Mass Affluent.
While tablet ownership continues to rise, the study indicates that tablet usage is not yet the same as personal computer usage. The Mass Affluent report using their PC or Mac for personal use 20 hours a week, while tablet usage is just over 10 hours a week and smartphone usage is just under eight hours a week.
The new Google tablet will be the first to use the upgraded Android 4.3 software, which will also be made available via upgrade to the original Nexus 7 and Nexus 10 tablets as well as Galaxy Nexus smartphones.
Google’s new tablet could be available next week and the expected retail price will be $229 with 16 gigabytes of storage and $269 for 32 gigabytes. The Nexus will compete with Apple’s iPad and Amazon’s Kindle Fire.
Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.
In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.
McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.
McDill is the father of four children, and an active fan of soccer, Jimmy Buffett and all things Disney.