Palm Pre Return Rate At About 3%

Though it was initially reported that the Palm Pre had a return rate of a staggering 40%, it seems that number was based on bad data and now is more around the 2-3% area, which is a significant drop.

While the initial returns estimate sent Palm stock plunging, shareholders can now breathe a sigh of relief. Sales are continuing at a steady pace as well with an estimate from Sprint that they've sold about 350,000 Pre phones since launch.

But wait. That doesn't add up, does it? On June 30th, Equity Research said 300,000 Palm Pre units had sold. So, Sprint only sold 50,000 in July? The first estimate was incorrect? Guess we won't know until more accurate data is released.