Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Palm Report Revenue Increase in Q3 2006
Posted on 24-Mar-2006 11:52. | Tags Filed under: News.


Palm Report Revenue Increase in Q3 2006
Palm, Inc. has reported revenue of US$388.5 million in its third quarter of fiscal year 2006, ended 3 March 3, which is up 36 percent from the year-ago period.

Net income in the third fiscal quarter was US$29.9 million, or US$0.28 per diluted share. This compares to net income for the third quarter of fiscal year 2005 of US$4.4 million, or US$0.04 per diluted share.

Based on current trends, Palm provided its outlook for financial results in the fourth quarter of fiscal year 2006, ending 2 June 2006. At this time, the company set some high expections, including revenue in the range of US$400 million to US$405 million, with a gross margin between 33.5 percent and 33.7 percent.

During the third quarter of fiscal year 2006, the company shipped a total of 564,000 Palm Treo smartphones. Treo sell-through reported by the company's carriers and other smartphone distributors was a record-high 569,000, up 102 percent from the year-ago period, reflecting strong demand for the Treo 650 and Treo 700w smartphones;

In the same period Palm's share of the U.S. converged smartphone/PDA market grew to 30 percent, up from 22 percent a year before, according to Canalys. Palm's unit shipments grew by 111 percent compared to the overall market growth of 56 percent.

One of the highlights of this period was the release of the company's first smartphone that uses the Microsoft Windows Mobile operating system. The Palm Treo 700w smartphone is the first of four new smartphones the company will introduce this calendar year.

The Palm Treo 700w was delivered first on high-speed EV-DO (Evolution Data Optimized) Verizon Wireless network.




comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

The President Of The USA - Who do you think?
Created by TimA, last reply by Sideface on 4-Dec-2016 16:03 (877 replies)
Pages... 57 58 59


Woooaaahh earthquake 2016-11-14
Created by Fred99, last reply by Pumpedd on 1-Dec-2016 11:50 (470 replies)
Pages... 30 31 32


1GB Plan Capping Out at 100Mb Download
Created by Kopkiwi, last reply by sbiddle on 3-Dec-2016 17:10 (23 replies)
Pages... 2


Christmas. Bah, humbug.
Created by Rikkitic, last reply by alasta on 3-Dec-2016 13:43 (40 replies)
Pages... 2 3


'Quality' NZ news on the way?
Created by Rikkitic, last reply by alasta on 4-Dec-2016 09:49 (91 replies)
Pages... 5 6 7


Spark Ultra Fast Fibre MAX performance and discussion (Some might say Gigabit)
Created by Talkiet, last reply by sbiddle on 3-Dec-2016 21:15 (55 replies)
Pages... 2 3 4


FS: NES Classic Mini - New and unopened
Created by thewanderingv, last reply by thewanderingv on 2-Dec-2016 22:47 (17 replies)
Pages... 2


Pike River - Seal or recovery?
Created by gzt, last reply by sir1963 on 4-Dec-2016 16:05 (67 replies)
Pages... 3 4 5