Garmin (GRMN) receives Federal Aviation Administration certification for Autoland.
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(Bloomberg) -- Apple Inc. again commanded a majority share of the smartwatch market in the first quarter, when the Covid-19 outbreak encouraged health tracking and drove a 20% rise in shipments.Global smartwatch shipments reached 13.7 million units in the first three months of this year, defying a worldwide slump in consumer electronics arenas such as mobile phones. Apple’s share inched up a percentage point to 55.5%, according to Strategy Analytics.The Apple Watch is seen as one of the key growth drivers for the U.S. company, which has stopped detailing quarterly iPhone shipments as the smartphone market matures. Compal Electronics Inc. and Quanta Computer Inc. are the Cupertino, California giant’s assembly partners for the wearable device, according to GF Securities analyst Jeff Pu.Strategy Analytics notes that Apple achieved its highest market share in two years after shipping 7.6 million units. Samsung Electronics Co. was second with 1.9 million and Garmin Ltd. rounded out the top three with 1.1 million.“We expect global smartwatch shipments to slow sharply in the second quarter of 2020, due to the ongoing Covid-19 pandemic,” said Woody Oh, a director at Strategy Analytics. “However, the second half of this year and beyond will see a decent rebound, as consumers worldwide steadily regain confidence and more retail stores reopen.”Read more: Demand for Health Gadgets Surges in Lockdown, Likely to LastFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The first-quarter earnings season has revealed how quickly companies are embracing digital and automation strategies, as they shift to dealing with consumers who are complying with stay-at-home rules and other restrictions on movement during the coronavirus pandemic.
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the world’s leading marine electronics manufacturer1, today announced the quatix 6X Solar, the latest addition to its new marine GPS smartwatch series that features a transparent solar charging display that uses the sun’s energy to extend battery life. As the first Garmin marine-centric GPS smartwatch to offer solar charging, the quatix 6X Solar combines all of the best features of Garmin’s fēnix® 6X Pro Solar with specialized boating, fishing, cruising and sailing capabilities so users can enjoy more time on the water. With built-in activity profiles and performance metrics for paddle boarding, kayaking, canoeing, skiing and golf just to name a few, the quatix 6X Solar is ready to go the distance for nearly every sport and adventure.
Garmin Ltd. (Nasdaq: GRMN – News) today announced results for the first quarter ended March 28, 2020.
A trailing price-to-earnings ratio as low as it's been in two years and a thriving product lineup makes today a good time to buy.
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the oversized dēzl OTR700/800/1000 GPS truck navigators. For a clear view of the road ahead, the new dēzl series features a 7-, 8-, or an extra-large 10-inch display option that can be easily switched from traditional landscape to portrait mode.1 In addition to large, easy-to-read HD touchscreens, the new dēzl series offers industry-best load-to-dock guidance, popular truck routing, and custom truck routing2 for the size and weight of a driver’s rig.
Despite the worldwide impact of the COVID-19 pandemic, global smartwatch shipments continued to grow during the first three months of the year, driven by online sales, says a new report by research firm Strategy Analytics. Garmin rose to third place. "Smartwatches are selling well through online retail channels, while many consumers have been using smartwatches to monitor their health and fitness during virus lockdown," wrote Strategy Analytics senior analyst Steven Waltzer.
Garmin's (GRMN) first-quarter results benefit from strong performance by its fitness, outdoor,, marine and aviation segments.
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the Vieo RV 751, Vieo RV 851 and Vieo RV 1051, a series of fully integrated infotainment systems designed for recreational vehicle (RV) owners. Available with a 7-, 8- or 10-inch removable touchscreen display, the Vieo series combines Garmin RV-specific navigation with premium Fusion sound system entertainment and optional EmpirBus technology to control and monitor onboard systems. While on the road, the new Vieo RV 51 Stereo Dock acts as a home base that provides power for the display when docked and is compatible with each of the removable touchscreens in the Vieo series.
GRMN earnings call for the period ending March 28, 2020.
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the Varia RVR315, a rearview radar, and the Varia RTL515, a rearview radar with tail light, to alert cyclists of approaching vehicles no matter where, or when, they ride. Both devices will work with the new Varia app, allowing cyclists to use their phone as a primary or backup display while riding.
Garmin International today announced that Fast Company recognized Garmin Autoland as part of its 2020 World Changing Ideas Award.
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the MARQ Captain: American Magic Edition, a special-edition commemorative watch developed alongside the world-renowned American Magic sailing team. The MARQ Captain: American Magic Edition is a modern tool watch at the helm of technology, athletic performance and tactical execution. Created with the team in preparation for the prestigious 36th America’s Cup presented by PRADA, this watch combines the tradition and innovation that’s long been a part of the sport.
Q1 2020 Garmin Ltd Earnings Call
Garmin International today announced FAA certification and availability of the Garmin Autoland system in the G3000® in the Piper M600.
Garmin (GRMN) delivered earnings and revenue surprises of 8.33% and 2.11%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
The company's product lineup supports the consumer trends that are likely to continue gaining traction as COVID-19 restrictions end.