By Brian Womack, Tim Culpan and Ian King - Jun 28, 2012 - Bloomberg
Google is scouting out new ways to fuel sales of tablets, a market that may almost double this year to 118.9 million units, according to Gartner Inc. Though Android has grabbed more than half of the smartphone market, tablets with the software have won less than half the iPad’s share, and will face new pressure from Microsoft Corp. (MSFT), which unveiled its own tablet last week.
“The tablet market is a major challenge for Google at this point,” said Clayton Moran, a Delray Beach, Florida-based analyst at Benchmark Co. “They need to have a competitive product with the iPad.”
David Chang, chief financial officer of Taipei-based Asustek, declined to comment, as did Shari Yoder Doherty, a spokeswoman for Google.
Google shares gained less than 1 percent to $564.68 at yesterday’s close in New York. The stock has fallen 13 percent this year.
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