Palm Sold 300,000 Pres in June
During its post-earnings conference call last Thursday, Palm refused to say how many Pre handsets have been sold to date. Or how many it believes it will sell in the first quarter of production. The company would say only, in the words of CEO Jon Rubinstein, that “sales have been strong and growing.” So until Palm (PALM) provides specific Pre sales figures, we have only the estimates of analysts with which to gauge the device’s impact on Palm’s moribund smartphone franchise.
And the latest estimates, from Edward Snyder at Charter Equity Research, suggest that the impact is great. Sources in the manufacturing and retail channels tell Snyder that Palm may have sold as many as 300,000 Pres in June and 70,000 in May.
Those are impressive figures if they prove true. After all, Palm shipped just 351,000 phones in the entire quarter prior to the Pre’s debut. If Palm ships one million Pres to Sprint (S) in the device’s first full quarter of production, as Snyder believes, that will be an achievement indeed.
As I’ve said before, turnaround story of the year.