With the market saying 'no' to Nokia's Ovi Store, what do you think can be done to change this?Palm has received a $100m injection from Elevation Partners (who get Series C stock and warrants).
Palm recently posted a $506m loss, so the money has come just in time as Palm are expected to launch their new Nova operating system at CES in Jan next year.
Whether this injection or the new OS will save Palm is as yet undecided.
Got this in from Apple:
Apple(R) today announced that iPhone(TM) and iPod(R) touch users have downloaded more than 100 million applications from its groundbreaking new App Store since its launch on July 11, 2008. More than 3,000 applications are currently available on the App Store, with over 90 percent priced at less than $10 and more than 600 offered for free. Applications can take advantage of iPhone’s large display, innovative Multi-Touch(TM) user interface, fast hardware-accelerated 3D graphics, built-in accelerometer and location-based technology to create mobile applications unlike any seen before.
Fascinating. Absolutely fascinating stuff.
