Palm quarterly profit drops, expects iPhone effect
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Palm Inc.  posted lower quarterly earnings on Thursday as increasing sales of its Treo smartphones were offset by a downturn in its more profitable handheld computers.
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Nokia Corp. reported a 20 percent decline in net profit for the third quarter on Thursday, due largely to cuts it made in the prices for its mobile phones. The Finnish handset manufacturer predicted that earnings would fall again in the fourth quarter.
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The phone provider reported a 14.6 percent drop in third-quarter profit on flat revenue and a continued loss of local access lines.
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Nokia OYJ reported a 20 percent drop in third-quarter profits on Thursday, citing disappointing mobile phone sales that will likely put a damper on fourth-quarter results as well.
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Wireless technology company Motorola Inc. said Thursday its profit plunged 94 percent in the third quarter, as sales fell substantially in its cell phone business and it narrowly averted a third straight quarterly loss.
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Palm Inc , the maker of Treo smartphones, posted a quarterly loss on Tuesday after a delay of a key new product.
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Plus: Palm's losses continue...Take-Two loss shrinks, but outlook falls short...Adobe profit up 21 percent.
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Palm Inc.  posted lower  quarterly earnings on Thursday as increasing sales of its Treo  smartphones were offset by a downturn in its more profitable  handheld computers.
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Palm Inc.  cut second-quarter profit and revenue forecasts on Monday, blaming a delay in shipping its new Treo 750 smartphone in the United States.
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Cell phone maker Motorola Inc. on Wednesday said net profits fell 84 percent in the fourth quarter and warned that the recovery in its struggling handset unit will take longer than expected.
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No new PDAs likely - Colligan Palm reported revenue of $355.8m for the quarter ending 1 September, with a slim net income of $16.5m. Measured on a non-GAAP basis, the profit was $21.5m.â¦
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Apple Inc on Tuesday forecast a quarterly profit far below analysts' expectations and posted disappointing holiday-season iPod shipments, sending its shares down 12 percent on fears the weak economy would hurt the Macintosh maker.
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Nokia Oyj, the world&#39;s largest mobile- phone maker, said profit may drop for a second straight quarter. Earnings fell 20 percent in the three months ended in September because the company cut prices to regain market share.
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New Windows Mobile alternative Apple's iPhone is going to hit Palm hard, a US analyst has forecast. Research in Motion's consumer-friendly BlackBerry Curve will harm the PDA pioneer too, Piper Jaffray wireless hardware analyst T Michael Walkley claimed this week.â¦
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Texas Instruments Inc  reported  lower quarterly profit and revenue on Monday as weak demand for  calculators outweighed improving sales of advanced phones that  use its wireless chips.
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The company said profit from continuing operations fell to $614 million as weak demand for calculators outweighed improving sales of advanced phones that use its chips.
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A delay in the release of its newest Treo device prompted the first drop in sales at Palm Inc. in more than three years.