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Friday, December 18, 2009

Palm quarterly revenue down 59% on last year

Smartphone manufacturer Palm has published its quarterly results for the three months ending 27th November 2009. Total revenue was $78.1 million – substantially down year-on-year from $191.6 million - and gross profit was $5.5 million (according to the GAAP figures that look at product costs over the estimated life of the devices).

The company shipped 783,000 smartphones during the quarter, which is up 41% year-on-year but down 5% on the previous quarter. However actual device sales in the quarter were 573,000 units, down 29% on the previous quarter and down 4% year-on-year. [Palm press release]

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