Palm Announces Price Cuts

Palm's Palm Solutions Group has cut prices on three of its most popular handheld computers, chopping the price of its flagship Tungsten T handheld, for example, by 20 percent to $399. The company also dropped the suggested selling price of its Palm M130 handheld to $199 and trimmed the price of the M515 by 14 percent to $299.

Thanks to appletalking who confirmed that in the UK retail is the equivalent of $495: a mere $4 lower than the original $499.

Sam Bhavnani, an analyst at ARS in La Jolla, California, said the price cuts are "normal and cyclical" adjustments as Palm readies the introduction of new models, which he anticipates will happen within a week.

The new pricing also brings Palm's products more in line with low-priced hardware running the Pocket PC operating system from Microsoft, he said.

Palm introduced the Tungsten T last fall, initially priced at $499 and discounted since then. The color, wireless M130 and the deluxe M515 made their debut almost a year ago. The M130 carried an introductory price of $279, and the M515 was initially priced at $399.

News source: PC World (US)

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