Palm is soon to launch its new Palm Pre smartphone, but the company’s inclusion on a list of 12 brands not expected to survive the year suggests not everyone is as confident that the phone will be a success.
Palm is betting the farm on the Palm Pre. Palm as a company has been through some troubled times of late, but early word on the Pre suggests that they have got things right and that the webOS device will turn out to be a fantastic smartphone. According to business analysis site 24/7 Wall Street, this may not be enough.
Echoing last week’s Motley Fool article predicting Palm’s demise, 24/7 Wall Street picked out Palm as on of 12 brands that would not make it into next year. The biggest problem, says the report, is that the Pre – Palm’s “one last chance to become viable” – is a new product trying to squeeze into a market that is already split between two other big players. No matter how good the Pre turns out, Palm will find it tough to convince iPhone and BlackBerry users to switch.
“The bottom line is that Palm has no chance of getting an even modest part of the smartphone market in a severe economic downturn since it competes with two of the premier technology companies in the world—Apple and RIM,” is the conclusion, “Palm won’t be in business in a year.”
TBC | £tbc | Palm, 24/7 Wall Street
That’s wonderful news for Palm, if Motley Fool’s prediction is anything like they usually are…
The market clearly agrees with Fool … stock is trading above 52 week high
They’ve got it all wrong, this phone will certainly be giving both of those companies a run for their money. the pre is an amazing device and if the launch goes off without a hitch Palm will be in bussiness for a long time. all smartphone enthusiasts are watching this phone closely and webOS has impressed nearly all of them.