Groupon is now offering Google’s Nexus 7 16GB for $135, which is $15 cheaper than the $149 price tag just before Christmas. It seems that the company has not been able to sell its entire stock of the Nexus 7 even after the jaw dropping price of $149.
Nexus 7 – Is Groupon clearing inventory backlog?
Hopefully this time Groupon will be able to sell its Nexus 7 inventory given the drop in the price point. Users can redeem the coupon code SALE10 and get a rebate of 10% on their order, which will bring down the price of the Nexus 7 to $135. Also there will be free shipping for the tablet.
Earlier eBay offered the Nexus 7 for $130, and another website, Woot.com, sold the Nexus 7 for just $129, but it was a refurbished model rather than being the new one.
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The Nexus 7 was launched last year during the summer by Google and was an update to the original Nexus 7 launched in 2012. On the Android platform, the Nexus 7 is one of the most popular tablets in the market, and it is efficient as well. Even though Google launched the Nexus 9 this year in November, the Nexus 7 being at such a low price is a good deal.
Nexus 7 – Groupon also selling Ticket Monster
Groupon shares were up on Monday after the news of Goldman Sachs acquiring a stake in Ticket Monster broke out. The internet company, which owns Ticket Monster, is planning to sell about a 20% stake and could also hand over managerial control by selling more than 50% of its stake, reported The Korea Times.
Ticket Monster was started by Shin Hyun-Sung and his colleagues in 2010. He holds an MBA from the Wharton School of Business. The company was sold off for 400 billion won in 2011 to LivingSocial after its huge success in the first year. In 2013, Groupon bought Ticket Monster for $260 million or 290 billion won. Groupon acquired the company to expand its market share in the Asian market but has decided to sell it in less than a year.
On Monday, Groupon shares closed up 1.35% at $8.25, and year to date, shares are down almost 30%.