Smartphone maker Palm is now stressing that revenues from its re-launched smartphone business might just not end up living up to the earlier projected expectations and hopes. Instead of financial year total of $1.6 Billion to $1.8 Billion, revenues could be "well below" that prediction.

Some are of the opinion that this is the "beginning of the end" for the maker of mobile handsets.

In a recently released official statement, the company shared that carrier orders were cutting or deferring orders for smartphones based on Palm webOS, like the Pre Plus and Pixi Plus, mainly because of the "slower than expected consumer adoption" of the new products.

Palm also said that the revenues will be lower-than-expected for the year's third-quarter as well as the complete fiscal year. Last June, the original Palm Pre had been launched with Sprint. This was the first phone which used the company's well-regarded and innovative webOS.

On the news, shares of Palm slipped on Thursday, losing $1.39, or over 17%, to $6.70.