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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

2

Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners

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Samsung sells a million Galaxy Tabs, ups 2010 estimates 50%

By
Seth Weintraub
Seth Weintraub
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By
Seth Weintraub
Seth Weintraub
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December 3, 2010, 7:49 AM ET
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Selling alongside the iPad, the smaller Galaxy Tab has found a market.

Samsung said it had moved one million Galaxy Tabs less than two months after launch and less than a month after its U.S. launch on T-Mobile on November 10.  Apple (GOOG) sold 2 million iPads in its first two months, though those weren’t holiday shopping months (nor did Apple have any competition).

Samsung announced two weeks ago it had sold 600,000 Tabs and was on track to sell a million by the end of the year. It has revised those earlier sales forecasts upward from 1 million in 2010 to 1.5 million units by year end.  It is hard not to be impressed with the success of the Tab.

Clearly the Tab has found a market with its smaller, “pocket-friendly” form factor, cameras, Google’s (GOOG) Android 2.2 OS, and its compatibility with Adobe’s Flash. It is now available through some 120 mobile carriers in 64 countries.

Samsung also announced 3 million Galaxy S phones sold in the US and that it was the largest Android OEM (judged by Gartner)  in the US, something I covered a few weeks ago.

In other Samsung news (for you conspiracy theorists who think that Sammy is juicing the news today to boost share and moral), two of Samsung Group Chairman Lee Kun-hee’s children were promoted to president in a move viewed as a step that will eventually lead to a generational change at the top of Korea’s largest business empire.

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By Seth Weintraub
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