NEW YORK (TheStreet) -- Google (GOOG) Chromebooks sold better than Android tablets, Apple (AAPL) MacBooks, and Microsoft (MSFT) Windows tablets through 2013 according to an NPD Group report. Shares of Google are down 0.6% to $1,111.45 on Monday.
From January to November 2013 Chromebook sales accounted for 9.6% of all computer and tablet sales. That's up from a miniscule 0.2% of all sales during the same period of 2012. Chromebook sales helped HP HPQ maintain its position as top selling computer brand. When paired with Android tablets, the Chrome OS laptops also helped Samsung propel its market share from 1.7% to 10%.
Chromebooks lack some features of traditional Windows laptops, and are limited to web apps through the Chrome browser. Increased sales of Chromebooks are attributed to consumers and schools where the devices can be of the most use.
TheStreet Ratings team rates Google as a "buy" with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate GOOGLE INC (GOOG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."