Blackberry Soars As Palm Crashes In Smartphone Market

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Palm, which was once a strong phone brand in Australia, is today struggling to survive after another quarter of losses. The company has also refused to explain why it has not launched its new Pre smartphone in Australia, despite the market for smartphones similar to the Pre growing in 2009.

The company, which is set to hold a major press conference at the 2010 CES Expo in Las Vegas, said that it had only sold 573,000 Pre phones during the past quarter, a figure which was down 29 per cent from the prior quarter ended in August. Sales were down 4 per cent from a year earlier.

Meanwhile, Research In Motion Ltd. reported surging profits and sales of its BlackBerry devices, with the company reporting a 59 per cent jump in quarterly profit.

RIM said that the Company had shipped 10.1 million handsets for the quarter ended 28 November, more than the 9.6 million expected by analysts. 

Palm showed signs of weakness in sales of its Pixi as well as its flagship device, the Pre.

RIM reported that profits had climbed 59 per cent to $628.4 million. Palm said that losses had narrowed to $85.4 million from $506.2 million a year ago, when it took big tax charges.

According to the Wall Street Journal, Palm’s revenue also fell 59 per cent to $78.1 million following a change in how the company accounts for smartphone revenue over a two-year period instead of immediately. If revenue wasn’t deferred, Palm would have posted revenue of $302 million. Palm’s expenses rose 21 per cent from a year ago.

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