Nexus Q has been announced by Google. This is the Google's first consumer electronics product. It is a small, sphere device that is compatible with Android device to stream media from the cloud. You can content from your YouTube and the Google Play music app and more. You will be able control the Nexus Q to play content from your library if you have your own Android Device.
You can use it as an amplifier as it lets you plug in external speakers to receive power from it's 25-watt amp. This device runs on the OMAP 4460 processor with 16GB of storage and 1GB of RAM dual-band and also features Wi-Fi, Ethernet, Bluetooth and NFC for tapping a device to the Q to exchange software and media. It will be available in mid July for $299. Google will also sell a set of $399 Triad bookshelf speakers to go with the device.

Source : Mobigyaan