Under continued pressure from Apple's iPhone and the RIM Blackberry, Palm Inc reported wider than expected losses and lower revenue late on Thursday. The smartphone pioneer lost 43.4 million dollars, compared with a profit of 15.4 million dollars in the year earlier quarter, marking its fourth straight loss.
Revenue fell 26 percent to 296.2 million dollars from 401.3 million dollars last year. Analysts said that strong sales of the company's low-end Centro smart phone failed to compensate for weak sales of the Palm Treo, which had lost sales to the Blackberry and iPhone competitors.
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