Comments on: Palm Reports Q1 FY08 Results
Palm today reported that total revenue in the first quarter of fiscal year 2008, ended Aug. 31, was $360.8 million. Smartphone sell-through for the quarter was 689,000 units, up 21 percent year over year. Smartphone revenue was $302.2 million, up 12 percent from the year-ago period.
Palm reported its first net loss in more than three years of $841,000, or 1 cent a share. Sales of Palm smartphones slowed during the current quarter, down around 9% from the previous record setting Q4 FY07 quarter.