Centro Selling Well

According to a Forbes.com article, the Palm Centro is selling well. So well in fact that it helped give a boost Tuesday to part of the sector in early afternoon trading. The articles said that Palm shares rose 20 cents, or 2.1 percent, to $9.37. In the past year, the shares have traded between $8.28 and $19.50.

In a Tuesday client note, Morgan Keegan analyst Tavis C. McCourt wrote that a survey of about 40 Sprint Nextel Corp. stores showed the Centro was consistently the best-selling smart phone at those locations in the weeks since its mid-October launch.

McCourt said that he has not seen any evidence so far that the Centro’s release is cannibalizing sales of Palm’s older Treo 755p model.

According to the Forbes article, McCourt stated:

“Perhaps most impressively, we found no instance of unusual returns or quality issues with the Centro, although supply was somewhat limited in the first week of launch (plenty of supply now) relative to demand,” he added.

I’m glad to hear that the Centro is selling so well and that those sales aren’t hurting the Treo 755p sales.