Samsung’s mobile division VP Lee Don-Joo admitted that the iPad 2 made some parts of Samsung’s 10.1-inch Galaxy Tab look “inadequate,” and the iPad 2’s pricing might force Samsung to lower the price of its tablet.

“Apple made it very thin. We will have to improve the parts that are inadequate. The 10-inch tablet was to be priced higher than the 7-inch, but we will have to think that over,” Lee Don-Joo said.

Samsung, unlike some of its competitors - for example, the Motorola Xoom - won’t try to compete with the iPad at a higher price point . Apple has set the price for its tablet in the $499 – $829 price range (with the cheapest 3G-sporting option being priced at $629), and any Android tablet will have a hard time competing with the iPad 2 at a price too near the upper end of that spectrum, according to Mashable.