LG G Pad 8.3 tablet gearing up to rival Apple, Samsung

September 1, 2013

Korean consumer electronics major LG is gearing up to take on Samsung and Apple with the launch of LG G Pad 8.3 tablet.

LG G Pad 8.3 tablet price will be known at the time of the official launch. The company will strengthen its tablet presence before the forthcoming festival and holiday seasons.

Tablet market share of Apple in the second quarter of 2o13 was 32.4 percent.

Samsung held tablet market share of 18 percent in the 45.1 million tablet market.

Asus, Lenovo and Acer held the remaining share.

It is believed that Nokia will also launch a new tablet soon.

On top of this, both Apple and Samsung will introduced their new tablets in September.

LG G Pad 8.3 tablet is coming into the global devices market at a time when IDC forecasting lower growth in tablets in 2013. IDC recently trimmed its earlier tablet growth forecast saying worldwide tablet shipments will reach 227.4 million units in 2013, down from a previous forecast of 229.3 million. The impact may be significant for new players like LG if the Korean company can not bring innovative and several devices at different price points.

However, tablets are growing much better than smartphones. Tablet shipments will grow at 57.7 percent above 2012 shipments. By 2017, tablet shipments will be nearly 407 million units. This means, there will be enough space for new players including LG.