Andre Yoskowitz
10 Mar 2010 22:28
Palm, the struggling smartphone maker, continues to see the price of their handsets drop, with Wal-Mart now slashing the price of the Palm Pre Plus for Verizon to $30 with 2-year contract, and the Palm Pixi Plus to free.
If you prefer Amazon, the e-tailer has the Pre Plus for $40 with contract, still a large discount from even just last month, when the phone was retailing for at least $70 with contract.
Citing the price cuts, C.L. King analyst Lawrence Harris downgraded his estimate for 2011 EPS (earnings per share), dropping his expectation of a $0.50 per share loss, to $1.10.
The bigger loss estimate also adds in costs of Palm's costly new advertising campaign for the Pre Plus.