Samsung denies rumors of Galaxy tablet inventory buildup

SEOUL Wed Mar 23, 2011 1:37am EDT

Visitors look the new Samsung's tablet 'Galaxy Tab 10.1' at the GSMA Mobile World Congress in Barcelona February 15, 2011. REUTERS/Albert Gea

Visitors look the new Samsung's tablet 'Galaxy Tab 10.1' at the GSMA Mobile World Congress in Barcelona February 15, 2011.

Credit: Reuters/Albert Gea

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SEOUL (Reuters) - Samsung Electronics Co, the world's No.2 handset maker, denied market speculation of massive inventory build-up in its Galaxy tablet on Wednesday.

Shares of the South Korean company have come under pressure recently amid market talk its tablet was not selling well and it may have to lower prices aggressively to compete with Apple's iPad 2. Online media outlet MoneyToday reported market rumors on Wednesday that Galaxy Tab inventory was running at several hundred thousand units.

"We don't comment on market speculation but such talk is absolutely groundless," Samsung spokesman James Chung said.

"Our tablet strategy is offering a broad product range with different sizes to support wider customer choice."

Samsung, which has sold more than 3 million units of the 7-inch Galaxy Tab since its launch late last year, unveiled on Wednesday 8.9-inch and 10.1-inch Galaxy Tabs, which it calls the world's thinnest tablet devices.

(Reporting by Miyoung Kim; Editing by Jonathan Hopfner)

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Comments (3)
thinkintoit wrote:
So what if there is a build up. It’s diluted cash in the bank if they play it right, which I think they will.

Mar 23, 2011 3:17am EDT  --  Report as abuse
USAPragmatist wrote:
Maybe there is a build up because this little tablet sucks….at least IMO.

Mar 23, 2011 10:21am EDT  --  Report as abuse
technology build up is not good… in 12 months those diluted cash can lose 30% of its value and 24 months 75%… vow thinkintoit i hope you are not a business man…

Mar 23, 2011 10:32am EDT  --  Report as abuse
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