Pre concerns hit Palm shares

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June 9th, 2009, 17:14 Posted By: wraggster

Despite not yet having a UK release date, the Palm Pre yesterday made its debut in the North American market. And whilst the hype, queues and sales are all good news for Palm, the fallout that is now descending is not.
Reuters reports that Palm shares closed down six per cent on Monday trading (having at one point been 11.8 per cent down), due to supply and demand concerns for its Pre handset.
Though Sprint said it experienced record sales when it began offering the Pre on June 6th, the article points to at least one analyst who reckons Palm only managed to ship 50,000 units prior to launch compared to earlier estimates of 100,000 units.

All eyes will be on Palm now that Apple has unveiled its iPhone 3GS, which goes on sale June 19th. Nokia's much anticipated N97 goes on sale the same day.

http://www.casualgaming.biz/news/287...it-Palm-shares

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