(TP) Palm reported a sharp decline in net profit for the fiscal fourth quarter to 1 June, to USD 15.4 million from USD 27.2 million a year earlier. Total revenues dropped to USD 401.3 million from USD 403.1 million, while unit sales increased 43 percent year-on-year to 750,000 smartphones. For the full fiscal year, sales fell 1 percent to USD 1.56 billion, while net profit plunged to USD 56.4 ...
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