Don’t think that smart makers are sailing smooth just looking at Apple iPhone or BlackBerry Storm success that make you think it’s a great time for cell phone makers.

You may gather some about credit crunch impacts, with the announcement that tells about the expectation of Mobile maker Palm in which the company says that it is expecting to post the last quarter between $180-191m.  Just three months back, the company posted its profit figures as $367m.

According to the company, this decline is due to weak demands for mobile phones and other handheld products.”

In other words, Palm is saying that now none wants to buy these days ageing handsets that run with old versions of Palm OS and Windows mobile.

Palm’s CEO, Ed Colligan says in this connection, “Worldwide economic recession and related uncertainties are hampering the demands for consumer products and at present some unprecedented dynamics are being seen in the global markets.”

Palm has already announced to shed off workforce in the US and similarly taking other steps like uniting its European operations and trying to pull back its Asia/Pacific sales to its California HQ and all these steps will help the company to save $20m a year.

Still despite these worsening conditions, Palm promises new products soon.