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  5. Pre mobile phone fails to boost outlook for Palm

Pre mobile phone fails to boost outlook for Palm

Pre mobile phone fails to boost outlook for Palm

Palm has announced disappointing financial results for the latest quarter, with the success of the Palm Pre failing to offset a decline in demand for its range of phones.

The PDA specialist recorded a year on year, unadjusted loss of $168 million for the last three months. Taking into account one-off items and costs, however, the loss stood at $13.6 million.

The disappointing figures come despite impressive sales of 800,000 for the Palm Pre phone, which was touted by many as the mobile phone industry’s most viable challenger to Apple’s iPhone 3G S.

Prior to the release of the Pre, industry experts had posited that the company was struggling to keep pace with rivals and that the flagship phone could even be the firm’s last-ever handset.

However, chief executive Jon Rubinstein remained upbeat over the firm’s prospects and was confident that Palm’s forward product portfolio will arrest its decline.

He said: "We're making significant progress with Palm's transformation, and our culture of innovation is stronger than ever.

“We're launching more great Palm WebOS products with more carriers, and turning our sights toward growth."

UK consumers will be able to buy the Palm Pre next month on O2 contracts.

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