When Palm launched its flagship Pre smartphone last summer, some reviewers called it an iPhone killer — but now it's Palm that may be doomed. With Pre sales languishing, shares in Palm plummeted 19 percent at the end of last week to a 52-week low on the back of worse-than-predicted financial results. Some analysts say the company's stock is "essentially worthless." Is this the end of the line for Palm? (Watch a Fox Business report about the Palm's declining sales)
Sadly, it appears Palm is finished: The Palm Pre has great hardware and a "genuinely terrific" operating system, says Brian Barrett in Gizmodo, but Palm only offers a fraction of the apps available for its monster rivals, Apple's iPhone and Google's Android. With an inventory of a million phones "waiting not to get sold" and Wall Street digging Palm's grave, the end can't be far off for "the last great indie phone maker."
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