Back in July, at $6.55 a share, I argued that Palm
Fast-forward three months. Palm is down more than 50%, has more debt than equity, and ranks below Apple
Worse, Palm has fallen so far, so fast, that it no longer ranks in the top five as a global smartphone vendor. Once again, here are the numbers:
Company |
Q3 2008 Shipments |
% Market Share |
Q3 2007 Shipments |
% Market Share |
---|---|---|---|---|
Nokia |
15.485 mil |
38.9% |
16.025 mil |
51.4% |
Apple |
6.899 mil |
17.3% |
1.107 mil |
3.6% |
Research In Motion |
6.051 mil |
15.2% |
3.298 mil |
10.6% |
Motorola |
2.313 mil |
5.8% |
2.058 mil |
6.6% |
High Tech Computer |
2.308 mil |
5.8% |
.850 mil |
2.7% |
Other |
6.791 mil |
17% |
7.816 mil |
25.1% |
Source: Canalys.
Apple was a big winner; Nokia
Can anything reverse this trend? One critic of my summertime criticism said that Palm is working on a new OS, and that, once it's released, a new breed of Treos and Centros will gobble up market share.
Color me skeptical. Not only did Palm last week file a shelf registration to raise capital via new shares or debt but there's little we know of the new "Nova" OS, other than that it's scheduled for 2009, based on Linux, and will be at least several months behind Google's
And did I mention that there's a recession looming? Put away the lighter, Fool. This stock will still burn your portfolio.
Brrrrrrrring! It's related Foolishness calling:
- We're losing your signal, Palm.
- Here are 9 things you can do other than invest in stocks like Palm.
- This is why the whole world is in Apple's hand.