Palm's Sales Drop in April
Judy Bruner, Palm's Chief Financial Officer, told investors at the J.P. Morgan H&Q Technology Conference that her company's retail sales in April were down roughly 20% from January. Sales in March were about the same as January's. Palm Inc.'s share of the handheld market in January was 60.5%. "It's been fairly weak and getting a bit weaker from February to April," said Ms. Bruner.
She also said her company wasn't ready to predict when sales would rebound. "Our visibility as to when sales will pick up is fairly limited."
However, one of the main causes for Palm's slowdown is its pre-announcement of the m500 and m505 long before they actually were available. This sucked the life out of demand for Palm's current high end models. Now that the m500 series is shipping, Palm's sales might pick back up again.
Ms. Bruner admitted that current shipments of the m505 are not enough to meet demand and high volume shipments aren't expected until the end of this month or the beginning of next.
Palm is planning to write off some of their excess inventory.
- Palm Announces Profit but Gloomy Times Ahead
- Palm's Financial Woes Continue
- Palm's Share of PDA Market Down in January
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