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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Early Palm Pre sales solid but new rivals due soon Tue Jun 16, 2009 3:36pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Franklin Paul NEW YORK (Reuters) - Sales of Palm Inc's closely watched Pre mobile phone are running on track with -- and exceeding some -- Wall Street expectations after just over one week in stores. But analysts said it may be too soon to tell if the initial excitement will be dampened by new smartphones debuting from Palm's much bigger rivals: Apple Inc's iPhone 3GS starts selling on Friday and Research in Motion's BlackBerry Tour is expected in coming months. While Palm has yet to comment on the pace of demand, most analysts, citing their own data, said the company shipped some 50,000 units for the weekend of the Pre's debut on June 6. Another 50,0000 units followed soon after. Pacific Crest Securities analyst James Faucette said sales to consumers so far appears to be stronger than anticipated. "We believe that between 90,000 units and 100,000 units were sold in the first week," he said. "Given the high number of people still on waiting lists ... the company appears to be on track to exceed our previous August quarter unit shipment estimate of 500,000." The successful launch of the Pre smartphone is seen as a badly needed shot of adrenaline for Palm and exclusive provider Sprint Nextel Corp. David Eller, analyst at JRPG, a boutique securities firm, said Palm sold 84,000 Pre phones in the first weekend, with some 35 percent going to new customers for Sprint. Palm is scheduled to report earnings on June 25, when Jon Rubinstein -- who last week was named as the company's CEO -- may shed some light on the Pre's progress as well as potential addition to the Pre family of phones With a touchscreen control, slide-out keyboard and operating system designed for trendy Web services such as social networks, the Pre has garnered mostly positive reviews. Sprint said it had record sales of the smartphone in its first weekend, and was restocking the phones "as quickly as Palm could make them. "Pre shipments seem to be tracking our expectations, and there is still pent-up demand, assuming (consumers put on waiting lists for handsets) can be converted into purchases," J.P. Morgan analyst Paul Coster said in a note to clients. Shares of Palm climbed on Tuesday to their highest level since October 2007, rising 3.2 percent in afternoon trade to $14.57, after hitting a session high of $15.25. Palm Pre's moment as the new kid on the block will last only about two weeks, with the arrival of the iPhone 3GS, a, updated version of the popular smartphone, this Friday. RIM also unveiled the Tour, the newest Blackberry, on Tuesday but did not give a launch date. It is expected to be popular with business customers since it can easily access voice and data services on networks internationally. Analysts suggest that demand should be strong for all three devices, as more and more consumers migrate to smartphones, which typically have more multimedia and Internet-based features than traditional mobile handsets. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Greenberg testifies in trial of AIG lawsuit also on reuters British Airways asks staff to work for free in bid to survive Blog: Facebook's funky new headquarters Big corporate bankruptcies on the rise in the U.S. More Technology News Mousavi supporters rally support on Twitter MySpace to lay off 30 percent of staff RIM aims to cross categories with BlackBerry Tour U.S. State Department speaks to Twitter over Iran Opera launches new media, file sharing service More Technology News... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. 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