Palm Pre Selling Out Despite iPhone Mania

The resounding success of the iPhone 3GS has all but driven the Palm Pre from the news pages. Compared to the sales Apple is posting, it's easy to forget that smartphones don't need to sell hundreds of thousands of units in order to be enormously profitable. We got a reminder of that fact today, thanks to a Reuters interview of Sprint CFO Bob Brust.

Brust stated that Sprint has not noticed any sales slowdown or slough due to the success of the 3GS. Sprint still has a backlog of subscribers waiting for their Pres, and they have been sending off larger shipments every week. The Pre has been selling out fairly regularly since its release, which either points to continuous, growing demand or an artificially imposed shortage by either Palm or Sprint.

Whatever the truth of the matter, the success of the Pre has been a good thing for Palm. Their stock went up 6% after Brust's comment that the Pre remained unaffected by iPhone sales. That's good to hear. Palm is a legitimate innovator in the field, and their remaining viability is a good thing for the smartphone market.

Sprint, on the other hand, hasn't seen its stock budge an inch for a while now. On one hand, their new flagship product is selling well. On the other hand, they're still Sprint, and still dealing with declining revenues and the technical obsolescence of their hardware. It's going to take more than just one moderately successful smartphone to turn that around.

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