Apple's Beats brand in April unveiled the Powerbeats Pro, a redesigned wire-free version of its popular fitness-oriented Powerbeats earbuds.
Palm Cancels Foleo
The blog entry written by Palm CEO Ed Colligan states that "it has become clear that the right path for Palm is to offer a single, consistent user experience around this new platform design and a single focus for our platform development efforts."
Canceling the Foleo will cause Palm will take a $10 million dollar hit to their earnings. They plan to focus on their single platform and will consider introducing the Foleo again in the future based on their one platform:
We're not going to speculate now on timing for a next Foleo, we just know we need to get our core platform and smartphones done first.
Palm has certainly seen pressure from Apple's iPhone introduction as well as some public criticism.