Apple is swimming in money. You really can't count them off. On the bright side (for Palm), Microsoft is swimming in money too and they accomplished little more than licensing a sub-par Windows CE thing to just about every maker of quasismartphones and crushing Palm in the process.

Never forget Palm owned the PDA market after crushing Apple out of it and created the smartphone market with the first Treos. They did a lot of things wrong, but with adequate funding and adequate brains, they can do a lot.