In 2000, Palm was worth more than Apple, Amazon, Google, and Nvidia. Combined. Their story is one of the wildest stories in the history of tech. Palm, Inc. was an American company that pioneered the personal digital assistant (PDA) market with the iconic PalmPilot in the 1990s. This groundbreaking PDA was compact, easy to use, and offered features like a calendar, address book, and memo pad, instantly becoming a must-have for professionals and tech enthusiasts. The company also developed its own operating system, Palm OS, known for its intuitive interface and efficient use of memory. This attracted numerous device manufacturers who licensed Palm OS for their own PDAs, further expanding Palm's reach. And the reach was massive. By 2000, Palm was at the peak of its success. The PalmPilot series had sold over 30 million units, and the company's market capitalization soared to $58 billion, surpassing Apple, Amazon, Google, and Nvidia combined. Palm seemed poised to lead the mobile revolution. Yet, it failed miserably. As smartphones with touchscreens and internet access began to emerge, Palm struggled to keep up. The company's reliance on physical buttons and its slowness to embrace new technologies led to a decline in market share. By the mid-2000s, Palm's revenue and stock price plummeted. Despite attempts to regain market share with devices like the Treo and Centro smartphones, the company was unable to compete with the likes of Apple and Blackberry. In 2009, Palm was acquired by Hewlett-Packard for $1.2 billion. HP's efforts to revive the Palm brand were unsuccessful, and the company was eventually discontinued in 2010. The crazy part? Palm co-founder Donna Dubinsky famously said this in 2000: "Five years from now, Apple will be selling fruit." This proved to be wildly inaccurate, as after 7 years, Apple introduced the iPhone which revolutionized the mobile industry forever. Palm teaches us all a valuable lesson: today's tech titan could be tomorrow's trivia answer. It's also a reminder to enjoy your 15 minutes of fame - because in the tech world, you're only as good as your last update.
Webos is now powering my tv
My printer too
So many stories like this, blockbuster, yahoo, blackberry, AOL, Myspace , altavista etc..
Y should have sold
Nvidia: $10T soon
Probably in rubies
I'd buy fruit from Apple.
Reminds me of this documentary about General Magic. https://www.generalmagicthemovie.com/
Palm is not comparable to today’s big tech. The big tech(FAANG) today sell music, movies, books, games, cloud, ads…. With myriad of other things. Palm was concentrated in just few products without any ecosystem
Think GE here. Jack of all and master of none.
But they had good ol' Jack Welch. The father of Stack Ranking.
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Take this crap back to LinkedIn