“Smartphone-starved Sprint customers have been gobbling up Palm Pres: One analyst [Charter Equity Research analyst Ed Snyder] estimates that almost 400,000 have been sold so far in the past 5 weeks,” Henry Blodget writes for The Business Insider. “So are we backing off our prediction that the Palm Pre will bomb? No!”

“The Pre is still no iPhone… and it’s especially no NEW iPhone [3GS], and it’s worth keeping the 400,000 Pres sold in context: Apple sold more than twice that many new iPhones in a single weekend,” Blodget writes.

MacDailyNews Note: AT&T alone had more iPhone 3G S pre-orders than Palm Pre units have sold to date.

Blodget continues, “Over time, we still think the smartphone game is becoming a platform play, and Apple, RIM, and even Google have huge leads over Pre as development platforms.”

“The world doesn’t need FOUR major handset platforms. It probably doesn’t even need two or three,” Blodget writes. “So, long-term, we still think the Pre will bomb.”

Full article here.

MacDailyNews Take: What we first wrote back on January 21, 2009 stands today, “Palm’s Pre dog and pony show is nothing more than takeover bait. They simply do not have the resources necessary to create another mobile platform, especially one that is superfluous. If Palm’s Pre is not a ruse, then those responsible are kidding themselves.”