Palm Pre Sales Slowing?

A new research note from analyst David Eller asserts that Palm Pre sales “continue to slow” and are “likely come in dramatically below Sprint’s sales target of 1 million to 1.5 million customers this year. Eller reduced his sales estimates for the August quarter from 488,000 to 418,000. He expects the company to ship 785,000 units by the end of November. Palm will announce earnings on September 17th and it’s likely they’ll provide units sold putting an end to analyst speculation and estimates.

Eller blames the shortfall on a weak retail spending environment coupled with the slow development of the companies App Catalog. Strong competition from the BlackBerry Tour and iPhone 3GS were also factors.

On a bright note, Eller believes Palm will release the Eos in November.

[via Barron’s]

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