Advertisement
Promo

Mobile devices Toolkit

Palm revenues plummet as Treo sales fall

Tom Krazit CNET News.com

Published: 02 Dec 2008 10:49 GMT

  • Email
  • Trackback
  • Clip Link
  • Print friendly
  • Post Comment
Palm revenues plummet as Treo sales fall

Revenue for Palm's second fiscal quarter, which ended last week, will be just $190m (£128m) to $195m, the company announced on Monday, ahead of its 18 December conference call.

Wall Street analysts had been expecting Palm to record $331m in revenue. The 41 percent gap between the Palm and analyst figures has been caused by "reduced demand for maturing smartphone and handheld products", Palm said in a press release.

Last week, Palm revealed plans to cut jobs and refocus its business as it copes with a poor economy and strong competition from the likes of Apple and RIM.

Palm's Treos [pictured] were once very popular, but look outdated in comparison to the iPhone and new BlackBerry models, such as Storm and Bold. If it wasn't for the Palm Centro — which doesn't break any ground on the software front but costs an attractive $99 — Palm might no longer be afloat.

If Palm can get products using its Nova operating system — scheduled to arrive in the first half of 2009 — out on the market before Treo sales fall too much further, the company may be able to turn its fortunes around.

Credit: Palm revenue craters as Treos fall out of favor from CNET News.com

  • Email
  • Trackback
  • Clip Link
  • Print friendly
  • Post Comment

Did you find this article useful?


Full Talkback thread

0 comments

Company/Topic Alerts

Create a new alert from the list below:





Video icon

Video

Enterprise Smartphones Special Report Special Report

Nokia E63

Nokia E63

Review Although it's missing some features (chiefly HSDPA and GPS), Nokia's E63 is a well-thought-out, ergonomic and affordable smartphone.

More Special Reports

On The Road Blog

O2 to carry Samsung's i7500 Android ph...

Samsung's first Android handset, the i7500, has appeared in O2's in-house magazine, and a spokesperson for the operator confirmed to ZDNet UK on Monday that the handset will be carried... More

Post a comment

Nokia Android rumours earn outright de...

Nokia has strongly denied working on an Android-based handset, following a report early on Monday that it was planning to do so. The report, carried in The Guardian, took a cue from... More

Post a comment

Behind the Scenes: Next Gen Mobile Tec...

Behind the Scenes: Next Gen Mobile Technology Author: Eric Everson, Founder MyMobiSafe.com With infrastructure speeds continually improving at the network level of the world’s leading... More

Post a comment


Skip Sub Navigation Links to CNET Brand Links

Help

Become part of the ZDNet community.

Newsletters