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Palm has strongest quarter ever, still loses $31.5 million

Well known money bleeder Palm said that while the company had the strongest single quarter in phone sales in their history, they still have a net loss of $31.5 million in 2008.

Recently Palm hired former Apple executive Jon Rubenstein to reorganize Palm’s business and try and revitalize its products.

Rubenstein (the co-creator of the Apple iPod) was believed to have had significant influence on the Centro and is helping rework the Treo line which is expected to be updated within the next year.

[Via Electronista]

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  1. Pingback: Palm’s Q3 results worse than initially thought « Dan’s Tech-n-Stuff Weblog