Sprint CFO forecasts Pre shortages, iPhone impact
updated 05:40 pm EDT, Tue June 23, 2009
Pre shortages expected
Sprint CFO Bob Brust forecasts shortages of the Pre smartphone to continue for a while, while the company is still gauging the impact of the recent iPhone 3GS launch. Palm released its device several weeks before Apple's WWDC event, with analysts estimating sales of approximately 50,000 units.
"We still have a backlog of subscribers but it's not unmanageable and we get shipments every week," Brust said at an investor conference, according to Reuters. "We'll be short for a while but we're catching up."
While Palm and Sprint pushed an estimated 50,000 handsets, Apple sold over one million iPhones in the first three days of availability. "We don't see any big change since the iPhone came out yet," said Brust. The executive did admit the iPhone could still affect sales.
Although the executives declined to confirm Pre sales estimates, the CFO claims a clearer update will be provided with the second-quarter financial disclosures. It remains to be seen if the Pre will reverse the course for both Sprint cancellation rates and Palm's market share.
Fresh-Faced Recruit
Joined: Mar 2009
nice
this is what i've been hoping for. other companies introducing compelling enough products to keep apple and AT&T on their toes, but ultimately not doing any major damage.