Palm may sell 1.5m Pre phones in 1st year
01/12, 3:05pm
Citi on Palm Pre Estimates
Palm could push as many as 1.5 million units of its Pre smartphone in a year, according to an investment note by Citi analyst Jim Suva. The researcher has upgraded the company's stock rating from "sell" to "hold" based on the technical abilities of the device, which has a more modern operating system than existing Palm phones and is also the company's first large touchscreen phone. The phone is seen as a direct factor in soften Palm's mounting losses and bringing its sales back up.