The Sunnyvale based smartphone maker having portfolio of products including Treo, Centro and Pre has recently reported a dip in sales causing the company a substantial loss and also loss for investors due to lower valuation for the stock.

As the reports say the company has incurred an approximate $22 million in the third quarter itself. The model blamed for this disappointment is supposed to be Palm Pre which was released in the market last November and also partly to the soaring competition in smartphone market.

To the dismay of the Californian manufacturer, the current rise of Android phones has gobbled up the market share and with the iPhone and Blackberry’s early domination it became difficult for the Palm to survive.

FT analysts anticipated that the Palm fleet that shipped 600,000 smartphones in the third fiscal quarter managed to push only 408,000 out of the stock. And with the current slip in market share (dragging Palm half of its value), is estimated that Pre and Pixi shall incur the same fate.