Feeds

Palm sales up, shipments down

Buoyed by smart-phone shift

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Report: Apple seeking to raise iPhone 6 price by a HUNDRED BUCKS
'Well, that 5c experiment didn't go so well – let's try the other direction'
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nvidia gamers hit trifecta with driver, optimizer, and mobile upgrades
Li'l Shield moves up to Android 4.4.2 KitKat, GameStream comes to notebooks
AMD unveils Godzilla's graphics card – 'the world's fastest, period'
The Radeon R9 295X2: Water-cooled, 5,632 stream processors, 11.5TFLOPS
Sony battery recall as VAIO goes out with a bang, not a whimper
The perils of having Panasonic as a partner
NORKS' own smartmobe pegged as Chinese landfill Android
Fake kit in the hermit kingdom? That's just Kim Jong-un-believable!
Gimme a high S5: Samsung Galaxy S5 puts substance over style
Biometrics and kid-friendly mode in back-to-basics blockbuster
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.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.