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garmin

Garmin PND Market Analysis

Zombie apocalypse: Supposedly dead Garmin outperforms leading smartphone vendors

August 1st, 2013

Apple posted a 20% profit decline in its spring quarter. Personal navigation device (PND) vendor Garmin just delivered a comparatively mild 7% earnings decline. If anyone had forecast this outcome two years ago, he would have been branded as a lunatic. Or possibly a dark prophet of apocalypse: “And when he had opened the third seal, I heard the third …

Battered navigation companies look past PNDs for new business

August 6th, 2011

Personal fitness GPS products could be a possible growth market for struggling PND companies. A new report from ABI Research is forecasting that the personal fitness GPS market could soon surpass 10 million units. Products such as the Garmin Forerunner 610 have helped its Outdoor and Fitness division deliver 27% of the company’s operating income …

Garmin to acquire Navigon

June 14th, 2011

On Tuesday Garmin announced that Navigon’s shareholders have signed an agreement for a Garmin subsidiary to purchase Germany-based Navigon. “This acquisition is a great complement to Garmin’s existing automotive and mobile business. Navigon has invested significantly in the European automotive OEM business, and we feel that we can rapidly expand our automotive OEM footprint and …

Garmin announces nüvi 2400 series GPS units, StreetPilot iPhone app

January 4th, 2011

Today, via a barrage of press releases, navigation company Garmin announced its nüvi 2400 series of personal GPS devices and its first iPhone navigation application, StreetPilot. The 2400 series of personal navigation devices will come in four different models and offer a variety of features, including live-traffic updating, hands-free calling, voice activated navigation, and lifetime map updates. All four …

Garmin to offer navigation software exclusively on ASUS for Android; coming soon to BlackBerry, iOS [Updated]

October 27th, 2010

Hot on the heels of the public break-up between GPS giant Garmin and handset maker ASUS, the navigation company has announced that it will still work with the Taiwanese handset providing its GPS software and some location-based service applications on select ASUS, Android handsets. The exact verbiage of the statement looks like this: ASUS will design and …

Asustek confirms Garmin-ASUS split

October 25th, 2010

Asustek confirmed Monday that the Garmin-ASUS joint venture it entered into with GPS giant Garmin two years ago will end early next year. The confirmation comes following last week’s report that the unsuccessful venture would come to an end when the companies’ deal expires in January 2011. With the popularity of navigation apps for smartphones …

Garmin weighing costs of phone division

September 13th, 2010

In an interview with Reuters, Garmin CFO Kevin Rauckman was fairly candid when speaking about his company’s foray into the smartphone market place. “We’re pragmatic. If we end up ultimately not successful with units … we’ll have to sit back and evaluate that and consider making the best decision for our business,” said the CFO. …

Garmin recalling 1.25 million nüvi navigation devices

August 25th, 2010

Just a quick PSA: Garmin has just announced that they are voluntarily recalling 1.25 million nüvi navigation units due to the possibility of faulty batteries. A press release explains that some devices, with a specific printed circuit board design, could contain defective third-party batteries that, “in rare circumstances, increase the possibility of overheating, which may lead to a …