News: Barclays Capital Predicting Palm Sales at $2 Billion
Published: May 23, 2009 [Sat] 11:30am
Barlays Capital is predicting that Palm will have (2009) sales around 2 billion dollars. This news is fed by the hopes that the Palm Pre will drive most of these sales.
Barclays Capital has high hopes for Palm, by predicting solid demand for the Palm Pre at launch and sales from their already existing product line. They are predicting sales anywhere from 3 million to 6 million Pre and other Palm units.
Barclays and Palm both expect that the smartphone market will continue to grow: “While mobile-phone makers are dealing with a 15.8 percent drop in shipments in the first quarter, converged mobile phones known as smartphones continue to grow year on year, according to a recent report by IDC.”
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