Strong smartphone sales cannot prevent decline of profits at Palm

Iria · Jun 29, 2007, 04:21 AM

Source: TG Daily
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Palm today reported financial results for its fiscal Q4 (FQ4) and fiscal year 2007 (FY 2007), which ended on May 31 of this year.

Driven by strong smartphone sales, which were up 43% to more than 750,000 units year-over-year in FQ4, the company achieved sales of $401.3 million in FQ4 and $1.56 billion for FY 2007, which were both flat in comparison with the year-ago results.

Jun 29, 2007, 04:21 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Strong smartphone sales cannot prevent decline of profits at Palm Source: TG Daily _______ Palm today reported financial results for its fiscal Q4 (FQ4) and fiscal year 2007 (FY 2007), which ended on May 31 of this year. Driven by strong smartphone sales, which were up 43% to more than 750,000 units year-over-year in FQ4, the company achieved sales of $401.3 million in FQ4 and $1.56 billion for FY 2007, which were both flat in comparison with the year-ago results.