The following video is part of our “Motley Fool Conversations” series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
It looks like Google‘s (Nasdaq: GOOG) Nexus 7 tablet is flying off shelves, surpassing some expectations. But despite the good news, that’s not the main reason to buy shares of Google. John and David are not surprised that the Nexus 7 is doing well. It is a great looking device with lots of content available to it as part of the Android ecosystem. It uses NVDIA‘s Tegra 3 chip and is heavily integrated with Google. It is designed to compete more with Amazon.com‘s (Nasdaq: AMZN) Kindle Fire than with Apple‘s (Nasdaq: AAPL) iPad.
I think it’s going to hurt Microsoft‘s (Nasdaq: MSFT) Surface tablet sales before they even get started. The Nexus 7, however, is not the primary reason investors should buy shares of Google. The company is a great long-term investment because management is taking the cash from search advertising and then using it to bring the Nexus 7, Android, Google Wallet, and a whole host of other offerings to prepare Google for success in a mobile world. This stock is very attractive relative to its bright future.
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A version of this article, written by John Reeves & David Meier, originally appeared on fool.com
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