Palm VII Series Not a Flop
Back in February, we ran a discussion thread called "Is the Palm VII Series a Flop?". The primary reason for it was a statement by a Giga Information Group analyst that "Only about 40 thousand of the existing 100 thousand to 150 thousand Palm VII users subscribe to the wireless service". Palm's recent quarterly earning statement shows this to be incorrect.
At the end of November, Palm.Net had over 149 thousand subscribers and during Palm's most recent financial quarter, this figure grew 27% to over 190 thousand subscribers.
As a comparison, OmniSky, Palm.Net's biggest rival, has about 35 thousand subscribers.
During the months of December to February, Palm's revenue from its Palm.Net service was $11.2 million, which is up 28% from the previous quarter and up 250% from the same quarter last year.
The success of Palm.Net is important to Palm's future as they hope to get much of their revenue from this service. The biggest delay in this plan has been component shortages that have hobbled Palm's production of the VII series since its inception. However, the company now has a sufficient supply of all the parts it needs and has been actively marketing the VIIx since February with a $100 discount off the price.
While the VIIx appears to be doing well, Palm's CEO recently pointed out that he has never liked it. He has said in the past that Palm is planning to release a replacement model in the second half of this year that is more along the lines of the m500 series and offers instant messaging, instant e-mail, and voice. Naturally, it will have to be somewhat larger than the m500 series in order to fit in the extra wireless equipment.
He describes this device as being better than the RIM Blackberry. "We can do everything that (Research In Motion) does not."
- Discussion: Is the Palm VII Series a Flop?
- Palm CEO Promises Better Wireless Device than the Blackberry
- Palm CEO's Philosophy: Sell Razor Blades, Not Razors
- $100 Rebate on Palm VIIx
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