Goldman Sachs slashes Google Nexus One sales estimate for 2010

Today Goldman Sachs told The Wall Street Journal that Google's initial sales figures were disappointing and that it is expecting Google to sell just 1 million Android-powered Nexus Ones this year. That's down from the original 3.5 million in sales the firm first projected.

Goldman Sachs attributed "limited marketing and customer service challenges," to the lesser expected sales figure. "We forecast that Google sells 1.0 mn Nexus One units in FY2010, benefiting from US carriers other than T-Mobile, and non-US carriers such as Vodafone, promoting the device too, but suffering from limited marketing activity," Goldman Sachs said. The firm expects Google to sell 2 million units in 2011, providing that Google amps up its marketing efforts and makes it available offline. [via The Wall Street Journal]