Tags (208) : Garmin
In the last quarter of 2015 Garmin revenue dropped three percent ($781 million) the company disclosed yesterday in their call with financial analysts. For the full year the revenue was down two percent ($2,820 million). Gross and operating margins were 52.9% (down from 53.6%) and 18.7% (down from...
GPS maker Garmin today announced that it has entered into an agreement to acquire substantially all of the assets of DeLorme, a privately-held company that designs and markets consumer-based satellite tracking devices with two-way communication and navigational capabilities. Financial terms of the...
Garmin announced today the acquisition of PulsedLight, Inc., a privately-held company founded in 2012 and designing optical distance measurement technology (LiDAR) located in Bend, Oregon. PulsedLight’s product, LiDAR-lite, offers up to 40-meter range capability with 1cm resolution and operates at...
The acquisition of digital map vendor HERE by a consortium of German car makers could indicate that pedestrian maps are not a focus of HERE any more. Actually it does not seem so. Based on a recent discussion with HERE even car makers seem interested in indoor maps to provide pedestrian directions...
In 2006, UCLA Professor of Urban Planning Donald Shoup compiled the results of sixteen surveys carried out between 1927 and 2001 on the time spent looking for a parking space. He reported that the average time spent looking for on-street parking was approximately eight minutes – a figure that has...
Total shipment of smart watches and smart bands for the third quarter of 2015 came to 21 million units, up 197.6% from the 7.1 million units shipped in the third quarter 2014, according to a new report from market research firm IDC. Fitbit Number One With 4.7 million devices shipped in the quarter...
Garmin is launching today a new accessory for Personal Navigation Devices (PND), a camera that monitor your kids in the backseats and transmit the video to your GPS Device. The babyCam is mounted to a front- or back-seat headrest nd its adjustable viewing angle can monitor multiple children in the...
Last week at the IFA trade show in Berlin, Germany Garmin announced that its mobile navigation app NAVIGON will be offering information about on street parking availabilities in six German cities. Through a software update to be available early October on iPhone and Android (on the following apps:...
GPS maker Garmin has introduced in the United States Dash Cam 30 and Dash Cam 35, two new cameras that record what happens on the road. The GPS-enabled Dash Cam 35 allows the camera to label footage with date, time, latitude, longitude and speed so that customers know exactly when and where events...
Garmin has expanded its partnership with Honda Motors over the next four years. The latest vehicle platform to launch with Garmin and its navigation solution is the all-new Honda Pilot. “We are delighted to expand our esteemed partnership with Honda across multiple new vehicle platforms, bringing...
Garmin yesterday announced an upgrade to their entry-level eTrex handheld GPS product range, with the introduction of eTrex 20x and 30x. These new devices retain the characteristics of the original eTrex line: simple and affordable, but add a 2.2” sunlight readable high-resolution display and 3.7...
According to an article in the New York Times last week Uber would have made a $3 Billion bid on HERE, the digital map division of Nokia. This follows on the heels of the Wall Street Journal announcing a competing bidding consortium formed by Audi, BMW, Daimler and Baidu. Until this point none of...
Garmin has announced today its financial earnings for 2014, revealing a revenue growth of 9 percent to $2,871 million and pro forma earnings per share of $3.1, reaching $3 for the first time since 2009. Fitness up 60% y-o-y The fitness category has been the fastest growing business for Garmin with...
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