Palm fails to impress market with latest revenue report

Smartphone maker Palm has come out with their latest revenue report and the company has posted a 24 percent drop in third-quarter revenue.

In fact, Palm has posted a loss of $31.5 million compared to profits of $11.8 million in the same period previous year.

Company Chief Executive Ed Colligan said that they are still in the process of reorganization and it would show results in the future.

He added: “We’ve come through a tough quarter and continue to have a lot of work ahead of us. But I am more confident than ever that we are on the right track to build long-term value.”

He added that the company sold 833,000 Centros in the quarter.

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