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Jun

30

Results for the Palm 4 quarter and the entire 2008 fiscal year

Filed Under News Technology, Smartphone And PDA, gadget review, mobile Devices 

Palm Company announced the results of the fourth quarter of fiscal year 2008, which ended May 30, as well as data for the financial year as a whole. Total revenue for the reporting quarter totaled $ 296.2 million. Number sold smartphones and communicators to 968000, which is 29% more than in the same period last year. However, despite an increase in sales of mobile devices, the company again remained in losses - net loss amounted to $ 43.4 million, or $ 0.4 per share. For comparison, fourth quarter 2007 financial year has brought Palm $ 15,4 million net profit ($ 0.15 per share).

Regarding the outcome of Palm for the entire 2008 fiscal year, the company’s total revenue amounted to $ 1.32 billion. It sold 3.2 million mobile devices, 19% more than last year. As the Palm - a record high figure. At the same time, net loss for the year amounted to $ 110.9 million or $ 1.05 per share. While for the 2007 fiscal year was marked by a net profit of $ 56.4 million ($ 0.54 per share).

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