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Palm swims with sharks, Q3 adds blood to water

Sections: Cellphones, Communications, Mobile, Smartphones

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Palm continues its downward spiral that not even the mighty Centro can stop. Restating it’s Q3 performance, the company widened its losses to $57 million. Ouch.

Compare this data to that other button crunching business-focused phone company RIM and you see two very different pictures. Both Palm and RIM brought phones down market this year (Centro and Pearl) yet RIM is still on the upswing where Palm continues to slip.

A quick recap of Palm at CTIA: one million Centros have been sold. And the impact on Palm’s bottom line is? Clearly not enough to turn this boat around. What can help the once mighty stop losing ground?

The 800w has been delayed until summer, a new OS is somewhere out there and other players are defining the market. A dark day in Palm-land.

Read [Boy Genus Report]

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