Palm sharply cut its outlook for the third quarter and fiscal 2010 on Thursday, saying 'driving broad consumer adoption of Palm products is taking longer than we anticipated'.
The company said its third-quarter revenue will be $285m-$310m (£185m-£200m) under generally accepted accounting principles. Non-Gaap revenue will be $300m-$320m. Wall Street was looking for revenue of $424.7m.
For fiscal 2010, Palm also said its revenue will be 'well below its previously forecasted range of $1.6bn to $1.8bn'.
For more on this story, see Palm's wipeout: Revenue will be 'well below' forecasts as consumers balk on ZDNet.com.