Google Nexus 7 Tablet is out.

 
UPDATE: 0723 Awesome marketing effort. Very well done.

 
Google’s Nexus 7 Android Tablet is here. The tablet is built by ASUS, which really makes me wonder what Google plans to do with Motorola Mobility.

The Nexus comes fully packed with goodies:

• It runs the latest Android OS 4.1 Jelly Bean, which is optimized for smaller tablet screens, magazines and movies.
• 1280×800 IPS display coated in “scratch-resistant glass.”
• Front-facing, 1.2-megapixel camera.
• 198.5 x 120 x 10.45mm case
• Two flavors 8GB ($199) or 16GB ($249) of storage, plus 1GB of RAM, and NVIDIA’s quad-core Tegra 3 SoC processor. Don’t worry about the Russian-like specs, it simply means it is fast, really fast.
• GPS and Bluetooth and 802.11b/g/n Wi-Fi, and Micro USB, plus NFC.
• The 7 stands for the tablet’s size, 7 inches, which as I have said many times, it is the perfect size for a truly portable device.
• Accelerometer, magnetometer, and a gyroscope.

The Nexus 7 seems, at least on paper, the ultimate Kindle Fire killer if it ever ships! Lenovo, with its incredibly terrible customer service and tech support doesn’t need a competitor to kill itself. I believe the iPad will remain the global tablet leader through the next 3-5 years, but it will start losing some significant market share. Apple’s biggest advantage has been the App Store which now has more than 650,000 downloadable applications that include games, news and travel tools for the iPhone and iPad. Google has been catching up and Google Play (previously known as Android Market) currently offers more than 500,000 apps.

We just updated our wildly popular chart to include Google’s brand new system. Here are the side-by-side specs (click on it twice to see it full-res):

UPDATE: July 9, Is Google selling the Nexus 7 at a loss?