20 Jul '11, 4am

Samsung launches new Galaxy Tab to close gap with iPad

SEOUL (Reuters) - Samsung Electronics Co launched a thinner and lighter version of its Galaxy tablet in its lucrative home market Wednesday, trying to halt the runaway success of Apple Inc's iPad. The Galaxy Tab 10.1 is an upgraded version of the 7-inch Tab introduced in October. Blockbuster iPad sales announced by Apple Tuesday underscore the challenge for the South Korean company. Apple sold 14 million iPads in the first half of the year, compared with analysts' sales estimates of about 7.5 million units for the Galaxy Tab over 2011. "As our smartphone business grew very fast within a very short period of time, I believe it's just a matter of time for our tablet business to improve," J.K. Shin, head of Samsung's mobile division, told reporters. Samsung is Apple's nearest rival in the booming mobile device industry as it leverages its cost competitiveness and access to ch...

Full article: http://sg.news.yahoo.com/samsung-launches-galaxy-tab-clos...

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Samsung Electronics launched a thinner and lighter version of its Galaxy tablet in its lucrative home market on Wednesday,...

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