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Friday, March 19, 2010

Palm admits disappointment with recent performance

PalmPalm published its latest quarterly results yesterday, noting that the number of mobile phones shipped was up but the number bought by consumers was down.

The company shipped a total of 960,000 smartphones during the three-month period that ended 26th February 2010. This was up 23% on the previous quarter and almost 300% up year-on-year. However, device sales for the quarter were 408,000 units, down 29% from the previous quarter and down 15% year-on-year.

Jon Rubinstein, Palm's chairman and CEO, said "Our recent underperformance has been very disappointing, but the potential for Palm remains strong. The work we're doing to improve sales is having an impact, we're making great progress on future products, and we're looking forward to upcoming launches with new carrier partners. Most importantly, we have built a unique and highly differentiated platform in webOS, which will provide us with a considerable - and growing - advantage as we move forward."

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Author: The Fonecast
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