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Changing Fortunes For Smartphone Makers |
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Written by Adam Gosling
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Wednesday, 04 July 2007 |
Stark contrast in the fourth quarter earning results of Palm and
Blackberry offers a lesson for handset makers. As Palm's fortunes
plummet and the Blackberry continues to glow.
For its part, Palm reported a 43% fall in profit for the final quarter
ended June 1, 2007 as the company earned US$15.4 million on revenue of
US$401.3 million. In that year-ago period, it earned US$27.2 million
off slightly higher sales of US$403.1 million indicating expenses rose
over the year.
The company laid off workers earlier this year, but despite Treo
sales nudging 750,000 units (up 43 per cent from a year ago) sharply
rising costs ate into profits.
Smartphones, including Treo's, generated the bulk of revenue sales were
up 14% from the fourth quarter 2006 to US$344.2 million.
Meanwhile BlackBerry maker Research in Motion reported that
its own profits rose a healthy 73%. It is interesting to note that its
expenses were up more than a US$100 million than the same quarter in
2006.
RIM said it earned US$223.2 million in the quarter to June 2,2007 up from $128.8 million in the year-ago quarter.
RIM also said 76% of the revenue came from device sales. The
sales totaled US$1.08 billion, up 77% from US$613.1 million a year ago.
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