Treo smartphone maker Palm attributed its 70 percent third quarter revenue drop to a bad economy as sales of its mobile devices fell. Palm competes against Apple’s iPhone and RIM’s Blackberry in the smartphone market.
Revenue dropped sharply to $90.6 million (£62.3 million) from $312.1 million (£214.3 million), and the company said unit sales of smartphones fell 42 percent from the same period last year. Palm reported a loss of $98 million (£67 million) or 89 cents (61p) per share in Q3 compared to a loss of $57 million (£39 million) or 53 cents (36p) per share during the same period a year ago.
Palm is not alone among smartphone makers suffering through the recession. A recent Gartner report showed fourth quarter worldwide smartphone sales rose only 13.9 percent from the same period a year ago, marking the slowest growth rate ever recorded.
Palm says that its new device, the Palm Pre smartphone, is expected boost sales once released around the middle of 2009. The phone will go up a couple tough competitors, Apple’s iPhone and RIM’s Blackberry.
Security vendor Flashpoint debuts partner programme following $28m funding
Complex buying journeys and sprawling partner networks hampering customer experience, says Accenture
Datacentre provider Cyxtera says launch is “milestone in our go-to-market strategy”
Ensono highlights importance of mainframes still to major industries
Security vendor VASCO looks to replicate UK and German set up across EMEA
Splunk details investment in Partner+ programme at .conf2017