Google Inc (NASDAQ GOOG) Chromebook continues to perform well, despite the fact that many are turning their attention away from these devices in favor of smartphones and tablets.While this may be the case, nothing is stopping a variety of companies from selling Chromebooks at a steady pace, making money along the way for themselves as well as the search engine giant.

With Google Chromebook penetration expecting to reach as high as five percent this year, things are moving forward steadily for Google Inc (NASDAQ GOOG) as well as the many companies that produce these computers.

Google Chromebook shipments reached 1.8 million units in the second quarter of 2014, and Acer held the number one spot in shipments with a 30% market, surpassing Samsung Electronics for the first time,

Google Inc (NASDAQ GOOG) News: Chromebook

Samsung has been the number one company in the Google Inc (NASDAQ GOOG) Chromebook space, as far as shipments are concerned, for quite a while. However, things are always changing in the technology sector, and Acer has stepped up to the plate and hit a homerun.

Acer held the number one spot during the second quarter, grabbing onto 30 percent market share. With Acer and Samsung pretty much tied for the lead through the first half of the year, the final six months will determine which one is the big winner for 2014. Even though Acer is holding a lead of 30 percent to 24 percent over Samsung, this gap can definitely be closed over the last two quarters. Hewlett-Packard (HP) is doing well in its own right, holding onto 21 percent of market share. It may not have enough time to move to the top of the market by the end of the year, but overtaking the second spot is a possibility.

Google Inc Financial News (NASDAQ GOOG)

Despite strong sales thus far this year, there are reasons to believe that the Chromebook could run out of steam in the near future. For example, it is losing its pricing advantage as competitors, including Microsoft Corporation (NASDAQ MSFT), are lowering prices for some notebooks below $200. In other words, Chromebook will no longer be alone in the lower segment of the notebook market.

The market for low end notebooks is not as strong as it once was, but there is still an opportunity for companies to excel. And that is just fine with Google Inc (NASDAQ GOOG), as Chromebooks continue to be a leader in this segment.

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