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Wednesday, March 23, 2011

Samsung Dismissed Media Rumors of Rising Stock of Galaxy Tab

South Korean handset maker, Samsung Electronics Co, has dismissed all the media rumors suggesting the company is struggling to sell Galaxy Tab with inventory staking up. Even there are rumors in the market that Samsung could have to cut the Galaxy Tab price significantly to stave off the iPad 2 challenge from Apple.

However, James Chung, a Samsung spokesman, has revealed that the company is not facing any problem with Galaxy Tab and these are nothing but rumors.

Mr. Chung said, “We don't comment on market speculation but such talk is absolutely groundless. Our tablet strategy is offering a broad product range with different sizes to support wider customer choice.”

It is true that Apple iPad is still the dominant force in tablet PC market and it would remain so at least for the time being, but Samsung’s performance in the tablet PC market has not been that bad. In fact, the South Korean company has so far sold 3 million Galaxy Tabs since its launch last year.

Recently, Samsung launched Galaxy Tab in two new sizes: 8.9-inch and 10.1-inch. The company claims these are the thinnest tablet PCs in the market so far and it is expected that the two new Galaxy Tabs would surpass the success of its 7-inch predecessor.

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