Feeds

Palm revenues double – again

But PDA prices falling fast

  • alert
  • submit to reddit

3 Big data security analytics techniques

A jubilant Palm yesterday unveiled its latest quarterly fiscals, which saw its revenues double and profits beat Wall Street expectations.

For the three months to 1 September, Palm's revenues hit $401 million, up 127 per cent on the $176.5 million it recorded in sales of product and technology licences for the same period last year.

That revenue hike helped push the handheld computer company's operating profit to $23.9 million (four cents a share). According to First Call's Wall Street average, analysts were predicting a profit of two cents a share, which is what Palm made this time last year. Then, it recorded a profit of $10 million.

Factor in one-off charges, however, and Palm's latest profit figure falls to $17.3 million (three cents a share), up from $9.7 million last year.

During the most recent quarter, Palm shipped around 1.5 million handhelds, making for a grand total of 8.7 million devices shipped to date. The company reported that sales of the new, consumer-oriented m100 handheld were "brisk", but the addition of the low-cost device to Palm's line-up knocked the average price of its products down to $240 from $262 in July.

So, as the m100 takes off, Palm is going to have to work harder to sell even more machines if it's to continue doubling its revenue every quarter, as it has done over the last three three-month periods.

That said, increased sales plus the arrival of big-name partners and licensees - most notably Motorola, which announced a joint development programme with Palm yesterday, and Sony - could encourage more businesses keen to enter the PDA arena to license Palm's technology.

Palm's more-than-doubling of revenue will put pressure on another PalmOS licensee, Handspring, to come up with a more impressive figure. If it's to meet CIBC Oppenheimer analyst Thomas Sepenzis' predictions, that is. Last week, he said Handspring will see even greater revenue growth than Palm when it releases its own quarterly results later this week.

"While Palm is the market-share leader, we believe that Handspring will show the greatest revenue and (earnings) growth, and therefore believe it should be trading at a premium," he said. ®

Related Stories

Palm, Motorola to build PDA-equipped cellphone
Analyst talks up Handspring

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.