Samsung CEO Admits Galaxy Tab is 'Inadequate'

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BY BRANDON TWICHELL ANCHOR: Jennifer Meckles You're watching multisource tech video news analysis from Ne...
BY BRANDON TWICHELL ANCHOR: Jennifer Meckles You're watching multisource tech video news analysis from Newsy Talk about honesty - Samsung CEO Lee Don-joo admits his company’s Galaxy Tab is “inadequate” to Apple’s iPad 2. (Video Source: The Inquirer) The CEO tells Yonhap Korean News Agency the Galaxy Tab needs some work. "We will have to improve the parts that are inadequate... Apple made [the iPad 2] very thin... The 10-inch (tablet) was to be priced higher than the 7-inch (tablet) but we will have to think that over." The 7-inch tablet debuted back in late 2010 - and the 10.1 inch version is set for March - but mum’s the word on its price. A writer for VentureBeat says Samsung needs to get cracking if it wants to fix the bigger model. “Samsung... probably realizes it will need to compete directly with the iPad 2 when it comes to pricing. It will likely cost Samsung quite a bit to bring its pricing down, but that’s likely what it will take to make the Galaxy Tab 10.1 a success.” But a tech writer for CNN says the CEO was probably referring to future models of the Galaxy Tab and not the current ones. (Video Source: Engadget) “We feel that a bit of information might have gotten lost in translation from Korean to English, as we definitely don't expect Samsung to pull the 10.1-inch Galaxy Tab from the market and release a thinner version.” Finally a writer for Cult of Mac says Samsung should have known how Apple upgrades its products and should have been better prepared for it. “Apple’s modus operandi for product revisions is hardly some sort of arcane mystery: they improve the software, make the device thinner and try to eke out some more battery life. How did Samsung — one of Apple’s biggest component suppliers — get caught off guard by the iPad 2?” So, do you think the 10.1 inch Galaxy Tab can compete with the iPad 2? How much are you willing to pay for it? Follow Newsy on Twitter Newsy_Videos to get daily updates in your stream. Get more multisource tech video news analysis from Newsy. Transcript by Newsy.