Samsung's revenue and profit may be up, but so is the return rate for its Galaxy Tab.
According to ITG Investment Research, which tracked sale data from 6,000 wireless stores in the U.S., an estimated 13 percent of Galaxy Tab owners are returning the devices. The data was tracked from the device's release in November until the end of December, according to AllThingsD.com.
The news doesn't get any better for Samsung as holiday returns continue to come in. According to the data, if you factor in cumulative data until January 15, the return rate jumps to 16 percent.
Samsung postedwhen it reported fiscal fourth-quarter results last week, but the company declined to say exactly how many Galaxy Tabs it sold. Samsung said only that the device "attracted strong year-end demand."
In its first-quarter fiscal earnings,. The company said it sold 7.33 million iPads during the holiday quarter.