Google CEO Larry Page has acknowledged the supply problem for many of its devices available on Google Play, including the Nexus 4. On the company's fourth quarter conference call Page said fixing the issue was a priority.

"Clearly there's working to be done managing our supply better, and that is a priority for our team," Page said. 

Since the release of the Nexus 4 in the autumn, Google has had difficulties keeping the Nexus 4 available and shipping it to customers on time. Additionally, the Nexus 7 and Nexus 10 have been sold out multiple times.

LG France told French publication Challenges that Google gave the company lower Nexus 4 predictions than were actually sold. A spokeswoman went on to say production would continue to ramp up into February where "market strain" will be gone.

Adding together core Google, Motorola Mobility and Motorola Home, consolidated revenues for the Mountain View collective came in at $15.2 billion. "We ended 2012 with a strong quarter. It’s an incredibly exciting time to be at Google.” said Page.