SMARTPHONE AND TABLET MAKER Samsung Electronics has denied that poor sales have led to a significant inventory of Galaxy Tab devices in its warehouses.
Speculation has mounted in recent days that Samsung is struggling to sell its tablet, which for a long time has been the main rival to Apple's Ipad.
Moneytoday also suggested that due to dwindling sales Samsung had amassed excessive inventory of Galaxy Tab units, into the hundreds of thousands.
Some suggested that Samsung would have to dramatically cut prices in efforts to compete with the recently launched Ipad 2. Given how expensive the Galaxy Tab is, we don't doubt that it needs to chop a few quid off the price if it wants to lure people away from the pricey Ipad.
A Samsung spokesman, James Chung said the company doesn't comment on market speculation. Then he commented on the market speculation, saying it was "absolutely groundless", according to Reuters.
The company said that its tablet strategy focuses on offering a broad range of products with different sizes. It has revealed 8.9-inch and 10.1-inch versions of the Galaxy Tab to add to the existing 7-inch model, which has so far sold over three million units. µ
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