PalmOne grows rich on Treo

Several days ago palmOne, the vendor of mobile communicators, published information about its financial quarter of which there are two things to say: 1) company profits grew considerably... 2) ...because of the great success of Treo 650.

In the past quarter the company profit made $335.8 million which is 26% more than in the same quarter last year and is 18% more than the profit of the previous quarter. The net profit made $17.7 million comparing to $13.3 million of the last year and $4.4 million of the previous quarter.

The total profit for the fiscal year that ended on June 3 made $1.27 billion which is 34% more than the last-year profit. Ed Colligan, underlined that such success strongly bases on sales of the new Treo communicator which grew by 250% comparing to the same period of the last year and by 57% comparing to the previous quarter.

Speaking of absolute values, last quarter the company sold 442,000 Treo devices comparing to 126,000 units last year and 282,000 units last quarter.

Source: palmOne

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