Samsung, makers of the Galaxy Tab, are warning that it’s Q1 profits for 2011 will be significantly lower than previous quarters, with analysts blaming the decrease on Apple and the success of the iPad.
Samsung apparently hasn’t been able to compete well against the iPad with the Galaxy Tab, due to price competition (according to analyst Lee Min-Hee). They’ve also had to deal with weaker prices for their displays, according to the Associated press.
Although Samsung didn’t specifically target the iPad with its warning, their spokesperson Nam Ki-yind did, although he did not offer any additional details.
Essentially, the iPad is totally owning the Galaxy Tab (and most other tablets) in terms of sales, adoption, user base, and so forth. Still, the question remains: Is the iPad really to blame for Samsung’s decreased profits, or is a profound lack of innovation the real culprit?
I’ll side with the latter.