Palm Pre Breaks Sprint Sales Records; Verizon Debut in January

Authored by Mark Hefflinger on June 9, 2009 - 8:34am.

Overland Park, Kan. - Sprint Nextel (NYSE: S) announced that single-day and first weekend sales for the Palm Pre topped any other device it has launched.

Although the company did not break out specific figures, The Wall Street Journal reported that the Pre sold an estimated 50,000 to 100,000 over the weekend, with around 80% being purchased by existing Sprint customers.

Sales could have been higher, were it not for inventory shortages acknowledged by Sprint.

"I'll be honest, there will be constrained inventory for some time," Tim Donahue, vice president of business marketing for Sprint, told CNET News.com.

"And there will be spot shortages for the foreseeable future."

Sprint won't be the only network operator carrying the Pre for long, though, as a source tells The Journal that Verizon (NYSE: VZ) will also begin selling the smartphone in January.

Related Links:
http://snipurl.com/js8z6

http://online.wsj.com/article/BT-CO-20090608-713513.html

http://blogs.wsj.com/digits/2009/06/08/palm-pre-on-verizon-in-january/

http://news.cnet.com/8301-1035_3-10260208-94.html

http://www.sprint.com/palmpre