Breaking News

LIAN LI Redefines Compact ATX Tower with the O11D MINI V2 TEAMGROUP Unveils DDR5 256GB (4×64GB) Ultra-Capacity Memory Kits Spire launches UD50C White PC chassis G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Centro a Bright Spot in an Otherwise Bad Quarter for Palm

Centro a Bright Spot in an Otherwise Bad Quarter for Palm

Smartphones Mar 24,2008 0

Palm started off its quarterly earning announcement with the good news: thanks to strong demand for the Centro, it sold a record number of smartphones. The 833,000 units from Nov. to Feb. was up 13 percent year over year, bringing in $275.4 million in revenue. Unfortunately for Palm, much of the rest of its report was bad news.

The company posted a net loss for the quarter of $31.5 million, or 30 cents per share. In the same quarter a year ago Palm made $11.8 million, or 11 cents per share.

Its overall quarterly revenue was $312.1 million, down from $410.5 million in the same period of a year ago.

During a conference call after this announcement, Palm executives credited much of this revenue decline to a number of factors. One of these a shifting emphasis on the low-cost Centro, which brings in less money per unit. In addition, demand is slowing for Palm's older Windows Mobile-based Treos. The company believes that increasing sales of the Centro and the new Treos running Windows Mobile it plans to release later this year will increase revenue.

Hard Times for Palm

The company has been struggling in recent quarters as it tries to fight off increasingly strong competition in the smartphone market.

Still, there are a few bright spots, chief among these is its new consumer-oriented Centro smartphone, which debuted on a second carrier during the company's most recent financial quarter.

"Centro is off to the strongest start of any smartphone in Palm's history," said Ed Colligan, Palm president and CEO. "Centro's fun design, great price point, and amazing array of easy-to-use features is expanding Palm's customer base with more than 70 percent of Centro buyers trading up from traditional cell phones."

And the company is in the process of creating a Linux-based replacement for the aging Palm OS, but the first smartphones running this aren't scheduled until 2009. Palm executives said today that it is on schedule with this project.

Tags: PalmCentrosmartphonesmobiles
Previous Post
Verizon Beat Out Google in the 700 MHz Spectrum Auction
Next Post
Ubisoft Buys Intellectual Property Rights to The Tom Clancy Name

Related Posts

  • POCO F2 Pro Smartphone Released

  • LG Electronics' 'Wing' Smartphone Said to Have a Swivelling Display

  • China's Mobile Shipments Increased in April

  • China Smartphone Market Posts Largest Decline Ever

  • LG Velvet Smartphone Officially Launched in South Korea

  • Samsung Galaxy A51 Unlocked by Samsung Now Available at Samsung.com and Amazon

  • New Sony Xperia 10 II Available for Pre-order

  • Q1 Smartphone Shipments in China Were Down 18% Year on Year

Latest News

LIAN LI Redefines Compact ATX Tower with the O11D MINI V2
Cooling Systems

LIAN LI Redefines Compact ATX Tower with the O11D MINI V2

TEAMGROUP Unveils DDR5 256GB (4×64GB) Ultra-Capacity Memory Kits
PC components

TEAMGROUP Unveils DDR5 256GB (4×64GB) Ultra-Capacity Memory Kits

Spire launches UD50C White PC chassis
Cooling Systems

Spire launches UD50C White PC chassis

G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations
PC components

G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations

ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile
GPUs

ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed