iPhone competitor Palm announced dismal revenue figures and big losses for last quarter. What of the new Palm Pre?

It’s unlikely the Pre will catch up to Apple’s iPhone anytime soon, analysts are predicting a heavy volume of sales. Some say that the company could sell about 100,000 handsets in July and 200,000 in August.

Apple sold over 1-million iPhones the first weekend. So, why is Palm CEO Jon Rubenstein, a former Apple employee, saying, “We couldn’t be happier?” They did what other companies don’t do. They copied Apple, so they have a chance.