“Palm Inc. had its first loss in more than three years as sales of its Treo e-mail phone lagged behind the BlackBerry and iPhone. The company’s shares fell 4.5 percent after this quarter’s forecast missed analysts’ estimates,” Ville Heiskanen reports for Bloomberg.
“The first-quarter loss was $841,000, or 1 cent a share, compared with a profit of $16.5 million, or 16 cents, a year earlier, Palm said today in a statement. Treo sales fell to 689,000 in the quarter, which ended Aug. 31, from 750,000 in the previous period,” Heiskanen reports.
“Palm shares dropped 72 cents to $15.28 in extended trading after the report. They had fallen 27 cents to $16 at 4 p.m. New York time on the Nasdaq Stock Market,” Heiskanen reports.
“Research In Motion, based in Waterloo, Ontario, probably shipped about 3.18 million BlackBerrys in its latest quarter, RBC Capital Markets analyst Mike Abramsky wrote in a note today. The company reports earnings on Oct. 4,” Heiskanen reports.
“The iPhone, which combines Cupertino, California-based Apple’s iPod music player with a Web-browsing mobile phone, sold 1 million units in the first 74 days after its June 29 debut,” Heiskanen reports.
Full article here.
I’m the cause of this. My one measly little Palm Treo went buh-by when I got my iphone.
I feel sorry for Palm. It’s not their fault; they didn’t know what hit them…
I don’t feel sorry for them at all. I’m forced to suffer with a Treo 700wx for my job, and this thing sucks. Of course, a lot of this could be blamed on Windows Mobile, but the device itself sucks as well. They just didn’t push the envelope and figured “Hey, it’s selling – why make it better?”. Well, now they know why.
Why would anyone name a phone after a tree?, on the other hand, the fruit of trees, could be an alternative
Palm is dead, the iPhone isn’t far behind!
I went through four of those in the six months before the iPhone. I’m sure I’m not the only one.
Hah! Apple’s shares fall more than that after they post record earnings!
blood on the touch pad?
Another shorting opportunity lost.
Damn!
Everyone think they have value yet to lose?
Let’s give a high-five to all those who washed their hands of Palm and gave it the finger.
Fist post?
Palm sat and sat and sat and essentially did NOTHING with their once superior handheld OS for YEARS. Palm OS 5 is essentially a warmed over Palm OS 3, but with a few addded features and new hardware support… the same as it was in 2000.
They’ve been promising a “new, modern” OS for years and shipped nothing.
When Sony made Palm based handhelds they were far superior in terms of form factor and features to whatever Palm was offering at the time. Handspring, the same. Sony had 480 x 320 screens and built-in keyboards in 2002… the NR series. It took Palm 3 years to offer something similar, sans keyboard.
The Palm TX is actually a nice piece of hardware. If they would add Treo telephony to it, they’d have a pretty good phone. Not an iPhone, but pretty good and with an excellent array of third-party Palm software.
I’ve been a Palm user for 10 years and can’t really get too choked up about their self-inflicted demise.
Someone once said: Innovate or Die.
Apple got it! Neither Palm didn’t…
I’m glad they’re having their asses handed to them. I own a Treo 650 and from day one, Palm’s response to fixing problems has been one of absolute dismal failure. Rather than fix problem to the device rebooting, phone reception issues, browser problems, mail enhancements, crashes, etc. they keep cranking out more crap (Treo 700, 750, 680, 680 blue, 680 green).
I swear at my phone every time I have to answer it. Bye Palm, bye Handspring.
Good riddance.
April 10 2007 – The chances of a Zune Scene editor running into a Microsoft Zune employee in the wild are pretty slim, but recently the stars were aligned and I got the inside scoop on the Zune 2.0 and also the flash based Zune coming out in 2007. I will attempt to preserve the identity of the Microsoft employee, he had no idea I write for Zune Scene, no idea at all. The whole conversation occurred on a business trip, you see, we Zune Scene editors have day jobs and are hard to spot in the wild also.
When I asked the guy where he worked he said Microsoft. That got my attention so I asked what he did, the answer was: “Zune”. He gave his name and title which I will withhold. So I gave him a barrage of questions and here’s what I found out:
Zune 2.0 and a smaller flash based Zune will be sold this year. He would not tell me the marketing names but referred to them as the big one and little one. The hard drive version looks like the generation 1 Zune, but is thinner. It has a larger hard drive and still uses the doubleshot. The flash based player he said is about “3 by 1 1/4 by 1/4 inches” in size. It is video capable and he said the screen covers about 75% of the front, similar to the hard drive Zune. The flash player has Wi-Fi and also uses a double shot. We discussed colors, he said there were several but did not disclose them. He had some interesting points about the clamshells saying that they can’t be opened easily like the current Zune. Both devices have completed the design phase, although some last minute minor tweaks to the hardware will occur. When I asked about memory capacity he said “you have to beat the competition you know” he also said the flash memory fills the smaller device from top to bottom. Surprisingly he gave some hard numbers: 2.4 million next gen Zunes will be fabricated prior the 2007 holiday season. About 2/3 of them are the smaller flash units. ” A new building is currently under construction in Dao Min China, next to the one that makes the XBOX 360″ he said. In Zune Scene’s opinion, based on that statement, it appears the Zune 2.0 will not be another Toshiba Gigabeat based device.
I also asked about the Zune Phone and he changed the subject and that pretty much ended the conversation unfortunately. So there you have it, the first details of the Zune 2.0 and flash device.
Does ANYBODY ANYWHERE give a crap (intended diction) about what the next “iTurds” will look like or what they will do? That toilet bowl ship has sailed, its fate is sealed, and its days are in negative numbers.
Long time Palm owner here, future former Palm owner as soon as the piggy bank fattens up and I can call Steve up and order an iPhone.
This posting has been up at the Zune site for months now. New Zunes should be out soon to get to the market in time for the holidays. It will be interesting to see how they do.
I project that sales will be very low and that Microsoft will spin the low sales into a good light for them. More wasted money.
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I use to have a Treo. Actually many Treos. I would have kept my Sprint service had Palm stood behind their product. But, the many faulty devices I owned and Palms refusal to render any service…. well. What can I say, Apple is the leader in service and quality. That is not to say that Apple doesn’t have its problems. But, by comparison to ANY tech service provider. Apple has no competition. It is easy to flee to Apple. Palm abused and missued its customer base. They failed. Sprint service was great. But, they do not have iPhone. The obvious choice is Apple.
I don’t know exactly where to post this, but amazingly, on top of my $100 store credit from Apple, for my iPhone, my AMEX gold card sent me an email today, saying that they would give me $100 back as well! I only called them a few days ago, as the 90 days were about to expire on the Return Protection Program and I thought I could waste a few minutes for a chance at a $100 or $200. It worked! Kudos to AMEX and Apple.
The new Zunes are coming! The new Zunes are coming!
And we all know what that means……..
Apple will put out something new or updated the next week!!!!
(I’m lookin’ at you, AppleTV)
iToo had a palm WA-A-a-a-y back in the day. They didn’t keep up with what consumers wanted. iCant speak for there support, but I figure Apple has ’em beat. iMean 1-to-1? That is fantastic, the warranties could last longer, but lets get real, Apple products pretty just work.
What were they thinking naming a product, the Foley-o? After this years US senate scandals, they may have just named their electronic texting device, “the folly.”
With those low sales numbers Palm must be close to calling it a day.
I think it is great that M$ are pouring more money into the Zune. Keep at it dudes. I want M$ to hemorrhage as much cash as possible. The less they have the more vulnerable they are.
Apple have all their new pod products out for xmas. That means they will have inventory to sell as much as possible. M$ on the other hand haven’t released their products yet.
They could easily sell 30 M units this holiday season. That would mean they would have sold close to 150M units total. Sony managed to sell 250M Walkmans in 10 years and Apple are selling about the same rate or faster.
We’ve learned and struggled for a few years here figuring out how to make a decent phone.
PC guys are not going to just figure this out. They’re not going to just walk in. – Palm’s CEO Ed Colligan
What the fsck is a Zune??
Apple giveth… [i.e. in the form of sell Apple’s first iCal software to Palm that got the company stated]
And Apple taketh… [i.e in the form of iPhone]
Now for someone who always through that Apple did wrong by helping to get Palm up and running… that’s justice!
Palm it was a good run while it lasted but you should have done much more R & D and you should of listened to the folks ay Handspring when you had the change… nice knowing you!
Possibly Apple will have to licence Mac OSX in a medium futur… Apple is getting too ubiquitous not to be faced with attacks from so called anti-monopolistics…
Though the financial model has nothing to do with M$, some will just try to build up parallels.
But, the day Mac OSX will be licenced to “PCs”… some builders will have to make some efforts with pulling out quality products!