Mobility Mind

Palm sells 686,000 smartphones

Palm has just released their latest financial figures. In the previous 3 months, Palm has sold 686,000 smartphones, which is about the same as the previous quarter. This figure is up 11% from the same period last year. The financials look glum, with the company losing money (how much they lost depends on how you look at it — I am not an accountant) despite making US$349.6 million in revenues. For the next quarter, Palm is projecting an even lower revenue target.

What has Palm been up to in the last quarter? The big story was of course the $325 million recapitalization transaction with the private-equity firm Elevation Partners, and the new product management team. Other accomplishments :

– Introduced the Palm Centro smartphone with Sprint;
– Launched the Palm Treo 500v smartphone in Malaysia, New Zealand and Singapore;
– Launched the Palm Treo 755p smartphone Mexico and Brazil with Claro
– Launched the Palm Treo 680 smartphone in Venezuela

Overall, it’s been pretty quiet with no new products except for the Centro.