“Samsung Electronics admitted that its attempt to breach the tablet market has largely been a flop, with one executive offering a sobering summary of its performance,” Roger Cheng reports for CNET. “‘Honestly, we’re not doing very well in the tablet market,’ Hankil Yoon, a product strategy executive for Samsung, said today during a media roundtable here.”

“That Samsung hasn’t met expectations in its tablet business isn’t a huge surprise; the company lags well behind Apple’s iPad and even Amazon’s Kindle Fire in the U.S. market,” Cheng reports. “Samsung, however, appears to remain confident that the Galaxy Note will take off.”

Cheng reports, “The 5-inch version, which is already out in the market, has been hit by a string of criticism, largely due to its a size. While it acts as a phone, it looks more like a tweener product in between a smartphone and tablet, calling some to label it a ‘phablet.’ Yoon said he expects to ship 10 million units of the 5-inch Galaxy Note, lofty expectations for a company still smarting in the tablet business. He believes the S-Pen–the stylus that comes with the device–allows users to more easily create content, rather than consume it. Samsung earlier this week announced a 10.1-inch version of the Galaxy Note. When asked about the threat of redundant products, Yoon said he hoped the Note cannibalized sales of the original 10.1-inch Tab.”

Read more in the full article here.

MacDailyNews Take: Yoon’s hindsight is clear-eyed and sober, but his foresight is blind drunk.

[Thanks to MacDailyNews Reader “Lydell C.” for the heads up.]