Palm has posted a net loss of $95 million in the third quarter of the fiscal year. That means the economical crisis is still going strong and people are not that interested in current Palm handsets. Palm has sold 482,000 units compared to 833,000 in the same quarter last year. That equals a 71% drop in total earnings compared to last year, from $312 million to $90.6 million. Despite all this, the Pre is coming and CEO Ed Colligan assured everyone that everything is on schedule. Probably Palm is really counting on that Pre to take them out of that hole they are currently in.

via MobileBurn

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