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Thursday, February 25, 2010

Palm admits that Pre and Pixi aren't selling as well as expected

PalmPalm has issued updated financial guidance today, warning that revenues for the third quarter of its financial year are being "impacted by slower than expected consumer adoption of the company’s products that has resulted in lower than expected order volumes from carriers and the deferral of orders to future periods".

More information is expected next month when there's a formal announcement of third-quarter financial results.

Jon Rubinstein, Palm's chairman and CEO, said "Palm webOS is recognized as a groundbreaking platform that enables one of the best smartphone experiences available today, and our work to evolve the platform and bring industry-leading technology to market continues. However, driving broad consumer adoption of Palm products is taking longer than we anticipated. Our carrier partners remain committed, and we are working closely with them to increase awareness and drive sales of our differentiated Palm products."

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Author: The Fonecast
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