MacDailyNews Take: Concerns? It’s a foregone conclusion. You know, you can read the analysts’ notes when the obvious finally runs them over after repeatedly slapping them in the face or you can read us much earlier; nine and a half months earlier in this case:
In our opinion, there isn’t room, nor is there a need for Palm in a market already crammed full of iPhone wannabes, to say nothing of the iPhone itself. There are more than enough pretend iPhones, thanks… Palm simply does not have
the any resources which with to compete against Apple. – MacDailyNews Take, January 09, 2009
Moritz continues, “The heroic makeover of Palm is facing a significant challenge as telcos like Verizon and AT&T align behind Apple, Research In Motion and phones built on the Google Android operating system, shoving Palm into fourth place among suppliers, writes BMO Capital Markets analyst Tim Long in a research note Tuesday.”
“The heavy competition and the fading popularity of the Pre phone along with the potential cannibalization of Pre by the Pixi next month does not bode well for Palm, Long notes,” Moritz reports. “‘We believe that the company will miss its guidance for the second half of fiscal 2010,’ writes Long.”
Full article here.