Treo 700p, Hollywood, Lowrider Treos Coming Next Year
Sagio Investments, one of the largest Palm shareholders, has released a new investment report on Palm Inc. The report details Palm's current business strategy and market analysis. The report even goes on to detail a number of future Treo product releases for 2006.
- Smartphones represented 67% of revenues in 1Q06, growing 167% yoy. Palm also picked up market share in the US with 31% of the market second only to RIMM (55%). PALM had 11% of worldwide market share behind both RIMM (22%) and NOKIA (17%).
- Palm's handheld market-share in the US is 61%
- According to industry report the market for data enabled devices (Treo and blackberry line) will grow tenfold by 2008. Passing from an estimate 4 millions devices to an estimate 40 millions.
- They claim Push Email is the first real killer-app for Smartphones and compares it to the introduction on of spreadsheets and Word for PC.
- Palm has a competitive advantage because it can run the most Push email systems on the market
- Palm has a very high chance to ship over 2.5 million Smartphones in fiscal 2006
- They conclude that Palm's stock valuation is currently "cheap" and compare it's price to Apple Computer's before the company introduced the iPod line.
New Treo Products
The report also details that the company has learned that Palm will introduce several new Treo models in 2006. These include the Treo 700w (the Windows Mobile Treo), a 700p (the same model running Palm OS Garnet) as well as two new designs code-named "Hollywood" and "Lowrider".
We know that PALM will introduce four new models in CY 06. In January they will introduce the already announced Treo 700 Windows which will be a Verizon exclusivity it will be the first EV-DO Treo on the market. Around the same time we believe PALM will launch a Treo 700p running PALM OS on the Sprint network, both devices will keep same form factor and will capitalize on the Treo strong foothold in the US enterprise Market.
We also learned that PALM will be launching two new products around March 06 codenamed “Hollywood” and “Lowrider”. According to the Morgan Stanley analyst in Asia (covers HTC) the estimate production output will be 200K devices/month.
“Hollywood” will be a fancier 3G/GSM smartphone which will represent PALM first attempt at the European GSM market. We know the phone will have no external antenna and will probably he launched by Cingular in the US.
“Lowrider” will be a sub-$300 devices utilizing previous generation radios and providing PALM with an entry level PDA.
UPDATE: The Palm Treo 700p has been officially announced.
Thanks to David Beers for the tip.
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