Poor sales and low prices contribute to £15m quarterly loss
Computing, 26 Mar 2008
Smartphone specialist Palm saw revenue for its third fiscal quarter fall to $312m (£155m) from $410m (£204m) in the previous year.
The results yielded a net loss of $31m (£15m), including $12m (£6m) restructuring costs, and representing the company's third consecutive quarterly loss.
Palm chief executive Ed Colligan cited declines in the company’s traditional handheld business, its ageing Windows Mobile product line, the lower-than-average selling price of its flagship Centro, and poor sales of the Treo 500v smartphone in Europe for the revenue shortfall.
The company said it shipped a total of 833,000 phones in the quarter, 13 per cent more than the same quarter last year.
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