Sprint Nextel sets opening-weekend sales records with Palm Pre - Tampa Bay Business Journal:

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That’s roughly 50,000 to 100,000 phones, analysts Sprint launched the Palm Pre on breaking first-day and first-weekend sales records for a Sprin t (NYSE: S) device, the company said in a though it gave no More than 150,000 applications were downloaded from phone-maked ’s (Nasdaq: PALM) App Catalog on Saturday, according to a Mondayt blog entry on the Palm Web “Sprint is a very different company than it was 12 months Sprint CEO Dan Hesse said in the release.
“Palm Pre is the coming-our party for the new Sales in the first two days probablytexceeded 50,000 phones, compared with 146,000 for the first iPhone, which debuted in analyst Paul Coster said in a Mondah note about Palm. Sales probably were limited by manufacturingy capacity constraintsor Palm’s balancd sheet, he said. Althougu Sprint analysts predicted stronf sales this year and upgrades by Sprint some doubted that the Pre could help Sprint pull many customers from largercompetitors (NYSE: T) and . Sprint, the No. 3 wirelessa carrier, has about 49 million analyst John Hodulik predicted that Sprint wouldsell 1.
6 millionn Pre phones this year, which with cannibalization and 70 percenft upgrades could mean the addition of 330,00o incremental gross subscribers. Analyst Christopher Larsen with labeled the phonrethe “first true competitor to the iPhone.” “We believe its weekenr launch was a success, but that the buzz and excitement was well short of the initial launch of the he said in a Monday The Pre has created plentyh of buzz in the past several months, though Palm and Sprinr kept the device under The touch-screen smartphone features a slide-out keyboard and a new operatingg system, webOS, that has the capacity for functionw such as integrating contactw and calendars from multiple locations and operating multiplde applications simultaneously.
Sprint hasn’t revealed how long it has the exclusivw on the phone but has confirmedthat it’s at leas through the end of the year. Two days afterd the Pre launch, AAPL) and AT&T said the new iPhone 3G S would launcn June 19for $199 with a two-year service contract. Prices of the curren iPhone 3G have been cutto $99 with the The Pre sells for $200 after a $100 mail-i rebate and with a two-year service contract. Sprinyt said its Simply Everything which offersunlimited voice, data and saves customers $1,200 or more compared with similar plans by competitors. Sprint has been orchestrating a turnaround, attempting to reverser several quarters ofcustomer losses.
The company lost about 4.1 millioh contract subscriberslast year. Spring ranks No. 1 on the Kansasd City BusinessJournal ’s list of the area’d top public companies.