Samsung Rubbishes Galaxy Tab Return Rate Claims

Korean electronics giant Samsung has rubbished claims made by a Wall Street firm about the high Galaxy Tab return rate in the US.

ITG Investment Research had claimed that Samsung's Galaxy Tab tablet device had a 16 per cent return rate in the US, but the electronics giant moved quickly to rubbish the claims, saying that the US return rate was actually below two per cent.

“The return rate of the Galaxy Tab in the US as claimed by an American market research firm is incorrect. According to Samsung Electronics Mobile Communications Business the return rate is below two per cent,” the company said in a statement.

According to V3, the company refused to divulge the UK return rate for its flagship tablet device.

Previously, doubts were raised about Galaxy Tab's success after vice president at Samsung Lee Young-hee was misquoted during a conference call with analysts. He was reported as saying that the sales for Galaxy Tab were "quite slow", but he had in fact said that sales were "quite smooth"