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Palm predicts quarterly profits down

by on02 October 2007


But new smart phone Centro may reverse trend


Palm, Inc. issued a statement that its current quarterly results would be less than as forecast by Wall Street due to the competition from smart phones such as Apple’s iPhone and Research in Motion’s Blackberry models.  

However, given the tough competition Palm indicated that it still expected revenue from between $370 to $380 million for the quarter, but short of the $397 million analysts had predicted.

However, given the new smart phone just released by Palm, the Centro, those numbers could quickly turn around.  As we reported last week, Palm’s new Centro does all of the things the Apple iPhone does, but for an affordable $99 retail price.  The Centro also uses the well designed full QWERTY keyboard with Palm’s reliable built-in PDA features, as well. 

We predict that it will be a hot seller in the mobile phone market in the US where Palm phones have been more popular.



Last modified on 02 October 2007
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