By Maisie Ramsay
The Palm Pre’s halo effect is not expected to improve Palm’s fourth quarter earnings tomorrow. Analysts predict the company to post quarterly losses of about 62 cents per share as the company struggles to cope with the rapidly declining sales of Palm’s PDAs, which are becoming obsolete.
Though approximately 150,000 Palm Pres have been sold since the device’s release, revenue generated from those sales have not been enough to offset the company’s financial woes. The company is expected to bring in sales of just $80.6 million, a 72 percent decline from last year’s sales of $296 million.
For the company’s 2009 fiscal year, Palm is expected to lose $2.37 per share on sales of $729.8 million.