Today in Mobile

Palm and Research In Motion are headed in very different directions, as evidenced by quarterly earnings posted by both companies last night. RIM wowed investors with substantial gains in device shipments, revenue and net income, while Palm posted a net loss of more than $85 million. The earnings don’t paint the entire portrait for either company, of course: RIM faces a major challenge in keeping pace with newer OSes like the iPhone and Android, while Palm’s fortunes could be at least partially reversed with a successful launch of the Pre through Verizon Wireless next year. But it’s clear that RIM has effectively expanded beyond the enterprise as smartphones increasingly become consumer devices, while Palm’s prospects continue to dim.