According to reports, the company’s fourth quarter results show that losses did not widen to anything like the extent that analysts had predicted. As a result of the new-found optimism surrounding the company, share prices for Palm skyrocketed 13 per cent.
Of course, this feelgood factor is due chiefly to the subsequent, success of the Palm Pre, which racked up 50,000 sales over the course of its launch weekend. That’s pretty impressive, given how many other high-end smartphones are due to release in the coming months.
Whether Palm will ever recapture its position as the handset of choice for business users from BlackBerrys is a different matter. But amid predictions that cut-throat competition could put a chill through smaller industry players this year, it’s nice to see Palm proving the pessimists wrong.
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