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Palm (NSDQ: PALM)’s took another pounding in its third-quarter lucre because consumers continue to twist away from webOS devices.
The company reported a $22 1000000 loss on revenues of about $366 1000000. The loss is not unexpected because the smartphone maker lowered its gross expectations last month because of slower-than-expected webOS gross sales. Unveiled in January 2009, webOS was supposed to be the catalyst for Palm’s return to respectability and profitability. I lovemaking the chopine and think it proved Palm still has great visions for the industry, but the bulk markets didn’t agree. The company shipped 960,000 smartphones in the tail, which was a 23% step-up from the previous quarter. Of course of action, “shipped” doesn’t mean value sold, as only 408,000 Palm smartphones were purchased by customers. By comparison, Apple (NSDQ: AAPL) sold about 8.7 million iPhones during its shoemaker’s last tail. While no single is expecting webOS to have iPhone numbers pool, the difference is staggering and shows how far behind Palm is.
“Our recent under-performance has been very disappointing, but the potential for Palm clay strong,” said Jon Anton Rubenstein, Palm’s CEO, in a prepared financial statement. “The employment we’re doing to improve sales is having an impact, we’re making great progress on future tense products, and we’re looking forward to upcoming launches with new aircraft carrier partners. Most importantly, we have built a unique and highly differentiated chopine in webOS which will provide us with a considerable – and ontogeny – advantage as we move forward.”
The troupe is hitting the streets (and Verizon (NYSE: VZ) stores) with its Project JumpStart, and this could help goose gross sales. The Pre is also expected to come to AT&T (NYSE: T) – although those plans may be delayed – and that volition expand its client base. I distillery think it’s going to be roughneck to convince iPhone owners or potential iPhone owners to choose the Pre over Apple’s French telephone, so Palm has a tough rowing to hoe. Let’s hope Palm distillery has something up its arm: how badly would you wish a large AMOLED webOS gimmick with a shipload of storage and a 1GHz central processor?
[Via Palm]
