Feeds

Palm sales up, shipments down

Buoyed by smart-phone shift

Reducing security risks from open source software

Palm saw its sales rise 36 per cent year on year during the third quarter of its 2006 fiscal year. Revenues for the three-month period reached $388.5m, down 12.6 per cent on the previous quarter's $444.6m, though a Q2-Q3 dip is traditional.

Net income for the quarter came to $29.9m (28 cents a share), according to GAAP rules - or $19.8m (19 cents a share) on an non-GAAP basis - up from $4.4m (four cents a share) in the year-ago quarter but down on the $260.9m ($5.02 a share) in GAAP income the company reported for Q2 FY2006.

Palm shipped 564,000 Treo smart phones in the three months to 3 March 2006, though its carrier and channel customers sold some 569,000 devices - up 102 per cent on the year-ago quarter - suggesting that it had quite a few of the handsets left over at the end of the previous quarter.

Palm shipped 756,000 devices in total, so the Treo line now accounts for almost 75 per cent of the company's shipments and revenues - the rest is made up of its E, T and Z PDAs and its LifeDrive "mobile manager" product.

This time last year, it shipped 938,000 devices in total, making for a fall on 19.4 per cent. The year-on-year increase in sales is a clear sign of the ship from low-margin PDAs to high-margin smartphones in the intervening 12 months.

The company told investors to expect Q4 FY2006 to yield revenues of between $400m and $405m, up 3-4.3 per cent sequentially and 40.2-42 per cent year on year. It said it anticipates earnings per share of 33-34 cents on a GAAP basis, 22-23 on a non-GAAP basis. ®

Securing Web Applications Made Simple and Scalable

More from The Register

next story
Child diagnosed as allergic to iPad
Apple's fondleslab is the tablet dermatitis sufferers won't want to take
Microsoft takes on Chromebook with low-cost Windows laptops
Redmond's chief salesman: We're taking 'hard' decisions
For Lenovo US, 8-inch Windows tablets are DEAD – long live 8-inch Windows tablets
Reports it's killing off smaller slabs are greatly exaggerated
Seventh-gen SPARC silicon will accelerate Oracle databases
Uncle Larry's mutually-optimised stack to become clearer in August
EU dons gloves, pokes Google's deals with Android mobe makers
El Reg cops a squint at investigatory letters
Big Blue Apple: IBM to sell iPads, iPhones to enterprises
iOS/2 gear loaded with apps for big biz ... uh oh BlackBerry
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.