Feeds

PalmOne Q2 sales soar

Reaping the benefits as buyers turn to smart phones

  • alert
  • submit to reddit

Security for virtualized datacentres

PalmOne saw its sales grow 37.8 per cent sequentially and 29 per cent year on year during the second quarter of its 2005 fiscal year, the smart phone and PDA maker reported yesterday.

Q2's revenues totalled $376.2m, well up on the $273.1m it recorded in Q1 and the $271.1m it received in the year-ago quarter.

Net income was similarly boosted, reaching $24.7m (48 cents a share). A year ago, it reported a net income of $2.6m (seven cents a share) - last quarter, the figure was $19.6m (38 cents a share).

Gross margin for the quarter rose to 29.1 per cent from 27.1 per cent in the comparable quarter a year-ago period, but was down on Q2's 33.3 per cent margin. Operating margin was 8.1 per cent, also down on the previous quarter, which yielded 8.5 per cent.

The quarter, which ended on 26 November, just before the start of the Holiday buying period, saw the arrival of both the Treo 650 and the Tungsten T5, both contributing to the 1.6m handhelds the company shipped during Q2, up from Q1's 981,000 and Q2 2004's total, 1.4m.

With sequential revenue growth (37.8 per cent) more than double sequential unit growth (14.3 per cent), it's clear PalmOne's sales are shifting toward its higher-price products - its declining margins would suggest the Treo line in particular. ®

Related stories

PalmOne offers Treo 650 users a free 128MB card
Symbian CEO to quit
RIM infringed NTP patents, appeal court rules
PalmSource to build Palm OS on Linux
RIM takes active-user total to 2m
World phone shipments to slip in Q4 - analyst
Treo 650 delayed till February
Global smart phone sales soar
PalmOne launches Treo 650

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.