Palm PreThe Palm Pre might not have enjoyed iPhone levels of sales, but the new smartphone is off to a strong start and has put the company in a better financial position than predicted. Palm reports a lower than expected loss for the fourth quarter, citing strong demand for the Palm Pre as one of the reasons for its changing fortunes.

Palm’s shares received a 14% increase following the announcement.

Palm stated that demand for the Pre had exceed its expectations, and reduced operating expenses have also helped the former king of PDAs to best Wall Street predictions. Analysts estimate that the Palm Pre has shipped about 150,000 units since its launch earlier this month.

Now Palm is ramping up Pre production to meet the demand, which hopefully means there’ll be plenty to go around once the handset makes its UK debut, currently expected in September.

September 2009 (TBC)| £TBA | Palm (via Reuters)

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