Palm posts “disappointing” Q3 results

Palm has recently posted their Q3 results, and I hate to say that many people would be surprised by this, but those results were not all that great. In fact, Palm posted a net loss of $22 million dollars. Of course, that loss almost seems good as compared to the $98 million loss that they suffered during Q3 in the previous year.

Putting money aside for a minute and speaking in terms of something that sounds a little more positive — sales. It seems that Palm was able to ship 960,000 smartphones during Q3. Just as a point of reference, Palm saw almost a 300% increase from the previous year. That was the part that sounded good, which means its now time for the disappointing part. These numbers are what Palm shipped, unfortunately the did not necessarily sell them. It seems that only 408,000 units were actually sold.

Overall not a good quarterly report, but perhaps the highlight, or lowlight, depending on whether or not you are rooting for Palm comes in the form of statements from Palm’s CEO Jon Rubinstein.

“Our recent underperformance has been very disappointing, but the potential for Palm remains strong,” said Jon Rubinstein, Palm chairman and chief executive officer. “The work we’re doing to improve sales is having an impact, we’re making great progress on future products, and we’re looking forward to upcoming launches with new carrier partners. Most importantly, we have built a unique and highly differentiated platform in webOS, which will provide us with a considerable – and growing – advantage as we move forward.”

Read [Palm] Via [Silicon Alley Insider] and [Engadget]