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Samsung Exec: Galaxy Tab shipments were 2 million; shipments, not sales to end users
Monday, January 31, 2011 - 12:05 PM EST "Despite crowing about shipping 2 million Galaxy Tabs, Samsung is now admitting that it's not selling very many of the seven-inch tablets," Jay Yarow reports for The Business Insider. "The Wall Street Journal has a transcript. Samsung VP Lee Young-hee talks about sell-in, meaning shipments and sell-out, meaning sales to consumers."
"Well, your question was on sell-in and sell-out. As you heard, our sell-in was quite aggressive and this first quarterly result was quite, you know, fourth-quarter unit [figure] was around two million. Then, in terms of sell-out, we also believe it was quite small. We believe, as the introduction of new device, it was required to have consumers invest in the device. So therefore, even though sell-out wasn’t as fast as we expected, we still believe sell-out was quite OK." - Samsung VP Lee Young-hee
Apple iPad sales were exactly that... 7.3 million iPad SALES to end users, not just shipments to retailers. Samsung was stuffing the supply channel in the 4th Quarter.
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Apple will have substantially less than 75% of the tablet market in 4Q 2011.