Palm Pre sales slumping?

Wed, Sep 2, 2009


Barrons reports:

Town Hall Investment Research analyst David Eller asserted in a research note this morning that sales of the Pre “are continuing to slow,” and “likely will come in dramatically below” Sprint’s reputed target of 1 million to 1.5 million customers for the year. Eller now sees the company selling 416,000 units in the August quarter overall, down from a previous estimate of 488,000. For the November quarter, Eller expects the company to ship 785,000 units.

The reduced estimates, Eller contends, is less a failure on the part of Palm as “overly ambitious expectations in the face of a weak retail spending environment, competition from the iPhone 3Gs” and the slowing development of the Palm rival to the Apple App Store.


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