Click here to preview the new Fast Company

Want to try out the new

If you’d like to return to the previous design, click the yellow button on the lower left corner.

Palm Expects 2010 Revenue to Be "Well Below" Forecast—Beginning of the End?

PalmI blame the iPhone. The original smartphone company now helmed, ironically enough, by ex-Apple man Jon Rubenstein, has revised its guidance for 2010. A statement issued by the Sunnyvale company reckons that Q3 of 2010 will harvest revenues of between $285 and $310 on a non-GAAP basis, and blames it on "slower than expected consumer adoption of the company's products." Its original forecast had the whole year's revenue at between $1.6 and $1.8 billion.

Rubenstein tried to put a positive spin on it. "Palm WebOS is recognized as a groundbreaking platform that enables one of the best smartphone experiences available today, and our work to evolve the platform and bring industry-leading technology to market continues," he said. Last year, Palm Pre enjoyed just 13 days as the world's pre-eminent smartphone before the iPhone 3G S showed the rest of the market a clean pair of heels.

[Via Palm]

Add New Comment