Tags (179) : Garmin
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...
Garmin last week announced that it has acquired the assets of iKubu, a privately-held designer of a low-power, short-range radar for the cycling market. iKubu was in the final stages of developing the Backtracker low-energy bike radar, a device that provides cyclists with the speed and distance of...
Nearly 5 million smart and basic wearable bands have shipped in the third quarter 2014, with total unit shipments increasing 37% quarter on quarter, according to market research firm Canalys. Based on their estimates Motorola Mobility’s Moto 360 was by far the most successful of the initial Android...
Last week the financial results of Garmin and TomTom offered some insights into the Personal Navigation Device (PND) market in the United States and Europe. According to TomTom data the rate of decline of the PND market slowed down, particularly in Europe. Europe The PND market size in Europe (17...
At the Paris Motor Show today GPS Business News interviewed with Clint Steiner, marketing and sales director for Garmin Automotive OEM Group. He detailed the announcement made at the show as well as provided an update on their existing automotive programme: Fiat-Chrysler, Suzuki Daimler, and more....
Garmin has announced today partnership with Honda that will use the in-dash navigation of the U.S. company in its future Civic and CR-V models in Europe, Russia and South America. The system will be integrated into Honda infotainment systems and with preloaded maps, millions of points of interest,...
GPS maker Garmin announced today the Forerunner 920XT – a sophisticated multisport GPS watch with advanced running dynamics and connected features. The Forerunner 920XT’s design is 15 percent lighter and 18 percent thinner than its predecessor the 910XT it also features a color screen compared to...
GPS maker Garmin is “chasing third place“ in the fitness band market, after FitBit and Jawbone, according to industry analyst firm Canalys. In the first half of 2014 the wearable band market grew almost 7 times on a worldwide basis to around 4.5 million units, compared with the first half of 2013,...
GPS maker Garmin today announced the fleet 660 ($399) and 670 ($449), two new fleet navigators that combine Garmin navigation software in a PND form factor with the customization options of Android. With the fleet 660 for local fleets and the fleet 670 for commercial truck fleets, service providers...
Garmin today announced its financial earnings for the second quarter of 2015, with a revenue up 12 percent at $778 million driven by a strong growth in its fitness division. Growth profit was up 16 percent against the same quarter last year and operating income grew 29 percent. As a result Garmin...
Garmin has announced today the availability of “viago“, a new turn-by-turn GPS navigation app for iPhone and Android that starts at $1.99 (introductory price of $0.99). The app comes with off-board maps for many regions around the world and navigation features such as current speed and speed limit...
Following the announced departure of Kevin Rauckman who has served since 1999, Garmin has unveiled today the name of their new CFO and treasurer, Doug Boessen who will start on the job on July 31. Boessen recently served as CFO for Collective Brands, Inc. where he began as associate controller in...
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