m505 Drops to $400
Palm has officially dropped the price of the m505 by $50 to $400. This is the first time this handheld has had a price cut. The new price has already taken effect.
The company is also offering a mail-in coupon for a free 16 MB SD card to all purchasers of the m505, m500, and m125 between now and January 7.
When a price change like this happens it can be quite difficult to assign a reason. The m505 has been available for about six months and a price cut after that amount of time isn't at all unusual.
At the same time, Palm is in a price war with its competitors and the m505 has been under a great deal of pressure from lower-priced but comparable models. Sony's N610C has a very similar feature set and a better screen and it has been $400 since it was released this summer.
Also, the slowing U.S. economy has lowered demand for handhelds and cutting the price for Palm's flagship product should help increase interest in it.
In September, Palm dropped the price of the m500, the grayscale version of the m505, to $330.
While it is true that the m505 has been available for a while from some webstores for this price and even lower, many such stores peg their prices on the suggested one. A $50 drop in what Palm' charges will probably lead to even lower prices elsewhere.
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