We'll admit, anyone paying even the slightest bit of attention should have seen this coming a mile away, but the latest financial news from Palm is far from peachy. The firm announced a whopping 43-percent dropoff in profits compared to this quarter just one year ago, and the stock subsequently slid four-percent as a result. Of course, the perpetual delays of its modern-day operating system cannot be helping the cause, and considering the innovation that has surfaced in the smartphone arena over the past 12 months, it was only a matter of time before this happened. Interestingly enough, rival RIM was able to find a way to keep on keepin' on all the while, as it simultaneously posted a staggering 76.5-percent increase in revenue from the same quarter a year ago -- talk about salting the wound.Palm posts 43-percent drop in profit
We'll admit, anyone paying even the slightest bit of attention should have seen this coming a mile away, but the latest financial news from Palm is far from peachy. The firm announced a whopping 43-percent dropoff in profits compared to this quarter just one year ago, and the stock subsequently slid four-percent as a result. Of course, the perpetual delays of its modern-day operating system cannot be helping the cause, and considering the innovation that has surfaced in the smartphone arena over the past 12 months, it was only a matter of time before this happened. Interestingly enough, rival RIM was able to find a way to keep on keepin' on all the while, as it simultaneously posted a staggering 76.5-percent increase in revenue from the same quarter a year ago -- talk about salting the wound.Relevant Posts
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Reader Comments (Page 1 of 1)
derek @ Jul 2nd 2007 11:21PM
Anyone surprised? Anyone at all? Didn't think so.
Jim @ Jul 2nd 2007 11:28PM
Time for deathwatch?
Stonesand @ Jul 3rd 2007 12:16AM
Wait! I still want my not-yet announced Palm Treo 755p for Verizon!
derX @ Jul 3rd 2007 12:24AM
*dryly* Oh my! Who would have ever envisioned this occurring? *ends causticity*
Seriously, their "latest-and-greatest" phones--the 755 and 750--,though much better than their usual devices, were still lacking in innovation. I mean, even if they cannot get their "modern OS" off the ground, they can put the Treo in a sexy form factor, even if that means dropping *some* of their features. (Of course, this phone wouldn't be something you and I would get, but at least it could be something that sells well. I know the Sidekick has a different audience, but when they dropped some key features from it and released the SidekickId, I've found it to be just as ubiquitous as its older, better, more costly brothers.
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As far as corporate implementation, RIM > Palm; if RIM can add some WiFi and smexxiness, so can Palm. Try jumping on this side of the millenial divide, Palm. Psh, just be happy you're still getting profits.
Andy @ Jul 3rd 2007 10:46AM
Man, I wish I could say that I'm surprised. I like my 755p, the current form factor is almost perfect for me, but there's a number of things they could have done to improve it over the 700p (How about some better java support? How about a better camera? How about some friggin wifi??? Higher rez would be nice too.). It truly amazes me that Palm is still in business, since they don't do Palm OS anymore (Access) and they don't manufacture the hardware (HTC). So what the heck do they do now??? No wonder their support is so crappy...
clicclic @ Jul 3rd 2007 11:47AM
Going on year 6 or 7 of the Deathwatch... gettin' a little old no?
Ardy @ Jul 3rd 2007 2:51PM
What are they thinking? Instead of bringing something their customers want (ie: wifi, better cam, etc...) they give us Foleo, which is something extra for me to carry!!! No wonder they're going down the drain.
Doesn't take a Harvard Business Grad to figure this one out!
Ardy