Samsung: Pants On Fire

Earlier today, we did a story quoting figures that show the Android share of the tablet market had climbed from 2.3% to an unbelievable totally mindblowing incredible 22% - largely due to sales of the Samsung Galaxy Tab.

Well, it looks like Samsung has blown the gaff on itself.
A company executive, during questioning at a meeting with potential investors, let it slip that Samsung sales figures mean sales figures to distributors and retailers, not sales figures to customers like you and me.

And Lee Young-hee also admitted that Galaxy Tab sales to customers were "quite small".

So Sales aren't sales at all. Well, they are sales but it only means they sit in a storeroom for months before becoming returns. Shame on you Samsung.

Let's quote a bit more from Ms Lee, because it's quite good fun.  She explained that Samsung has sell-ins, which are sales to distributors and retailers, and sell-outs, which are sales from distributors to the buying customers.

“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.”

 So now you know. Or don't. Or might. Or....

(Via: WSJ)