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Palm stock dips due to iPhone 3.0?
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Posted on 17 June 2009 by Brian Hart
Palm stock prices have dipped a little today after enjoying a 52-week high just yesterday. The market in general has lagged a bit today, but given that the Palm Pre and Apple’s iPhone are the most compared handsets at the moment, maybe Palm’s stock dip could be partly attributed to Apple’s release of the much-awaited 3.0 firmware update today. The 3.0 update gives the iPhone some sorely-needed features that the Pre offered on day one – notably a universal search feature and copy/paste. In spite of market fluctuations, it’s great to see Palm gaining strength as their webOS-based Pre continues to sell.
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the palm pre is ok but the iphone 3gs kicks ass.. dont waste your time
Nice comment to make on the Palm Pre’s website…anyways Palm’s stocks could have dipped because the wind blew.
And the wind doth blow indeed
It’s dipped a little further today. In response to Popeye – I have both a Pre and an iPhone 3G, side by side, as my daily phones (yes, most people can get by with one phone, I happen to have two to feed the gadget addiction). I think the new iPhone 3G S does not offer drastic improvements and, quite honestly, there are pros and cons to both handsets. I think the Pre is definitely on par with the iPhone with respect to performance. A few software tweaks and updates will make the Pre even a more formidable adversary. Whether a fan of one or the other (or both, as in my case), it’s a win-win for everyone. I like to see Palm resurrected and push to compete with Apple. The end result is better devices for the consumer.