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Monday June 8, 2009
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Analysts are declaring this weekend a success for the recently released Palm Pre. As anticipated (and spelled out by Palm's CEO), the supplies of the device were pretty tight, which means, for better and worse, the first WebOS device sold out in a number of stores.
J.P. Morgan analyst Paul Coster had this to say about sales,
We conclude that the launch of the Palm Pre has probably been successful. Sales in the first two days probably exceed 50,000, which aligns with our expectations, but sales are very probably short of the 146,000 reported for the first generation Apple iPhone, owing to capacity constraints in manufacturing (or imposed by PALM's balance sheet). We believe the 'soft launch' is probably proceeding to plan. To be reassured, we need to see Sprint channel inventory replenished this week.
No one seems quite sure when stores will receive new units--or how the device will fair, should today's launch of the latest iPhone go as expected.
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