Palm Drops Price of m500 by $70
Without any fanfare, Palm today reduced the price of the monochrome m500 from $400 to $330. This price has already gone into effect at the PalmStore. Expect the price to drop at other stores in the very near future, too. There were no changes in the prices of other Palm models.
It is no secret that the the m500 has been a sales disappointment for Palm. At only $50 less than the m505, few consumers saw a reason to not go ahead and spring for the color model.
Also, since the m500 appeared Sony released the S320 which is quite comparable to the m500 and costs only $200. This left the m500 looking overpriced.
Neither the m500 nor the Visor Edge, both high-end monochrome models which were announced at about the same time, sold very well. Handspring has already dropped the price of the Edge to $300. It is possible that these will be the last of the high-end models with monochrome screens.
Thanks to Mike Cane and Ron Dernad for the tip. -Ed
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