It seems that if the Wall Street analysts predictions are right, it may force the Mobile giant to cut their prices later in the year.

The July pre sales were down to approx 100,000 units from 200,000 in June with pending August figures said to be even lower. Grozovsky analyst at Morgan Joseph has been reported to have downgraded his rating of the Pre to ‘Sell’ from ’hold’ because of the poor sales.

Palm had hoped that the Pre would regain it’s place in the market when it launched but despite fantastic reviews, its best days could well be behind it. It is believed that price cuts may be looming as we approach the holiday season. For more information visit v3.co.uk