PalmOne's first quarter as a entirely separate entity from PalmSource and as the owner of Handspring yielded sales of $271.2 million, up five per cent on the same Q last year. It produced a net loss of $4.1m
Of course, PalmOne's numbers are muddied by the loss of PalmSource and the arrival of Handspring. Income from its own business and Handspring's part-quarter contribution totalled $2.6 million (seven cents a share) - well down on the equivalent figure for Q3 2003: $9.5 million (33 cents a share).
PalmSource's contribution knocks the income into a loss, of $4.1 million (11 cents a share), compared to a year-ago equivalent income of $3.5 million (12 cents a share).
In any case, the quarter ended on 28 November, missing out a good portion of the Christmas sales period, so next quarter's figures, free of the effects of the divestment of PalmSource and the incorporation of Handspring, will give a better picture of the company's fortunes going forward.
PalmOne said that the quarter's gross margins remained stable, staying at 27.1 per cent, while its average selling price rose from $160 to $172. The company sold 1.4 million devices during the quarter, which ended with it holding $218.2 million in the bank. ®
Related Stories
PalmOne settles m500 synchro class action
PalmSource launches online wireless store
No PDA market growth in Q3 without HP
Related Reviews
PalmOne Zire 21
PalmOne Treo 600
PalmOne Tungsten T3
PalmOne Tungsten E
PalmOne Zire 71
Buy PalmOne PDAs and accessories from The Reg Mobile Store