Palm, Motorola seen most hurt by iPhone price cut
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Apple Inc's hefty iPhone price cut pits it in direct competition with handsets from Motorola Inc and Palm Inc, which are struggling to convince Wall Street they can turn around their aging brands.
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Few would pay Apple's $500 asking price for the iPhone, although it would be a big seller if it cost less, a survey has found found.
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Nokia and Motorola, who dominate the  low-cost mobile phone segment, could feel the pinch after  Vodafone's  deal to buy cheap handsets from Chinese  handset maker ZTE .
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As the iPhone ascends, Apple contemplates yet another price cut.
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Palm Inc., whose Treo smart phone is facing increasing competition from Apple Inc., Nokia Corp. and other offerings, said Wednesday it may see a small loss or break even in its fiscal first quarter.
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Palm Inc , the maker of  Treo cell phones, forecast lower-than-expected revenue amid  tough competition from Research in Motion Ltd's   Blackberry and Apple Inc's  iPhone, sending its shares  tumbling 12 percent on Tuesday.
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The most expensive iPhone model could  deliver a profit margin of more than 55 percent for Apple Inc.   after hardware and manufacturing costs, according to  iSuppli, which examined the components of the widely  anticipated device.
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Struggling cell-phone maker Motorola Inc. said Thursday it is considering separating the handset unit from its other businesses in an effort to snap a deep slump that has followed its meteoric success with the Razr.
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InfoWorld - Consumers aren&#39;t willing to pay what Apple&#160;may ask for the&#160;iPhone, but if the price drops they&#39;ll switch their mobile service to AT&amp;T in order to get it, according to results of a survey released Thursday.
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How much is two months of fashion-forwardness worth? About $200, judging by Apple's precipitous iPhone price cut on Wednesday -- or a whole lot of customer goodwill, judging by user reaction to Steve Jobs' announcement.
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(InfoWorld) - Palm's troubles continued on Thursday as the company posted a profit of $15.4 million for the fourth quarter, a 44 percent drop from its $27.2 million mark one year earlier, despite strong sales of its Treo smartphone. The company reported revenue of $401.3 million for the quarter ending June 1, down slightly from the $403.1 million it earned in the same quarter in 2006 and also below Wall Street's forecast of $406.6 million, according to analysts polled by Thomson Financial. The results come just weeks after the company faced rumors it would be acquired by rivals MotorolaÂ orÂ Nokia. Instead, Palm raised $325 million of extra money byÂ selling a 25 percent stake of the company Â to private equity investors. Palm is shifting its product portfolio from PDAs to smartphones, which are far more popular and offer a potential for greater profit margin because of their higher price tags. In the past quarter, Palm drew 86 percent of its revenue from smartphone sales, a huge swing for a company that in 1996 drew its entire revenue from the PalmPilot PDA. Palm's smartphone revenue of $344.2 million for the quarter was up 14 percent from the same quarter in 2006. "Our record Treo sell-through reflects strong fundamentals in the core focus areas of our business," said Palm CEO Ed Colligan. "I'm confident that in fiscal year 2008, more and more standard handset customers will demand the capabilities and ease of use of Palm smartphones, which aligns us well for future growth and profitability." Despite Colligan's optimism,Â Palm's smartphone sales did not help its results. Palm earned a profit of $0.15 per share in the fourth quarter, matching analysts' expectation of $0.15 but coming in far below the $0.25 it made a year earlier. Looking into the future, the company predicted revenue between $355 million and $365 million for the coming quarter, the first period of Palm's fiscal 2008. If the company meets the higher end of goal, it would beat its mark of $355.8 million in revenue for the first quarter of 2007. However, Palm may be distracted by change in its boardroom. As a condition of buying a large share of the company, the investment group Elevation Partners insisted on installing a new chairman, former AppleÂ vice president Jon Rubinstein. Palm also raised questions among investors in May when itÂ launched the Foleo, a miniature laptop Â intended to sell as a "smartphone companion." That product quickly faced criticism that its $599 price was too high and that its 10-inch screen was too large. Also on Thursday, Palm reported revenue of $1.56 billion for the full fiscal year 2007, down 1 percent from the $1.58 billion it earned in 2006. Palm earned profit of $56.4 million for the year, far below its $336.2 million profit in 2006, although the 2006 figure included a one-time tax rebate of $219.5 million.
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The smartphone maker said Tuesday that it swung to a loss in its fiscal second quarter as revenue fell and expenses rose.
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Apple and Motorola earnings disappoint the Street fueling fears that consumers will continue to decrease spending.
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Apple Inc. and AT&T Inc. said on Tuesday they will offer three price plans, starting at $59.99 per month, for the widely anticipated iPhone that is set to go on sale this week.
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In the wake of Apple's swift--and steep--iPhone price cuts, early adopters may have to live with shorter windows of joy.
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Apple Inc. and AT&T Inc. said on  Tuesday they will offer three price plans, starting at $59.99  per month, for the widely anticipated iPhone that is set to go  on sale this week.
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What consumers and companies should have learned from the recent Apple iPhone price cuts and subsequent backlash.