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Palm posts losses in first quarter results

The U.S. smartphone maker Palm has reported a loss of $841,000 in the quarter ending August of 2007. Faced with recent competition from Apple and Blackberry, sales of the company's smartphones took a beating.

The U.S. smartphone maker Palm has reported a loss of $841,000 in the quarter ending August of 2007. Faced with recent competition from Apple and Blackberry, sales of the company's smartphones took a beating.

A quote from the article at Bloomberg:

Palm stepped up product development and marketing after trailing Research In Motion Ltd., maker of the BlackBerry, in updating its designs. The company also faces competition from Apple Inc.'s iPhone and e-mail phones from Motorola Inc. and Nokia Oyj. Until new Palm products appear, the company may continue to lose sales, analysts say.

It was only very recently that Palm announced its Centro, a lightweight and cost-effective device, as compared to its withdrawn Foleo devices and Treo systems.

Palm's plunge only goes to show how important innovation and design are in the gadget industry, where once Palm was a pioneer.

More news links:

Palm in red as iPhone grabs sales (BBC)

Palm swings to 1Q loss (AP)

Palm posts loss for Q1 (Register)

1 comments
BillFerreira
BillFerreira

I, and many others like me, used to replace our high end Palms about every 2 years when the battery would be wearing down. Palm would deliver a much improved display and modestly improved software on about that schedule. The T3, introduced several years ago, was the last improved Palm. Because of that, most of my friends have abandoned Palm and I installed a 3rd party battery to keep my T3 running. Palm forgot that it costs 10 times as much to acquire a new customer as to keep an existing one. It didn't help that they outsourced their technical support to total morons.

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