PalmGear Reports Improved Growth
PalmGear has announced continuing growth in 2003 to the tune of 169%. According to the online software distributor, the pace of consumer demand for Palm OS software content showed steady growth in Q4 2003 as unit sales rose 29% from October to December and trial downloads increased 5% over the same period.
"Our fourth quarter revenue for 2003 was 169% greater than the same quarter of 2002 signaling a rise in consumer awareness of third-party applications and customer commitment to the Palm OS handheld platform," said Ryan Wuerch president and chief executive officer of PalmGear.
The pace of consumer demand for Palm OS software content showed steady growth in Q4 2003 as unit sales rose 29% from October to December and trial downloads increased 5% over the same period. Fourth quarter application sales by category reports indicate an emerging trend toward more serious usage by consumers of their devices; Utilities (28%), Games (23%), Business/Finance (10%) and Education/Reference (7%).
PalmGear has been focusing on continually expanding distribution of their Palm OS content catalog. In 2003 the company launched operations in mainland China with headquarters in Shanghai and offices in Bejing, a fully-localized Chinese Palm OS site, successful expansion into retail distribution as well as many affiliate software and eBook stores.
PalmGear's retail distribution program was officially launched in the fall of 2003 during their participation in Retail Vision and resulted in the company's program earning recognition as Best Technology and Best Entertainment Product for Retail Vision 2003. The company is focused on the growth of the smarthphone market as well as specialty device markets such as Tapwave's award-winning Zodiac(TM).
PalmGear's strategic partnership with Pinpoint and implementation of Pinpoint Fuel, a carrier-class mobile content management platform that manages the sourcing, management, and delivery of mobile content, is positioned to broaden the availability of Palm software to the growing Palm Powered wireless handheld market. Implementing PinPoint's Fuel Technology will facilitate Over-the-Air (OTA) provisioning applications from PalmGear's expansive catalog of more than 21,000 digital media titles.
PalmGear recently announced a partnership with Tapwave to power the Tapwave software store, scheduled for launch in March. The new Tapwave Software Zone will feature Tapwave "Ready" titles, which means they have passed 3rd party quality testing and take advantage of the Zodiac's key features.
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