3 ms·

Amazing that volume is ten times above the average today; this definitely seems like over-reaction. Vol / Avg. 11.07M/1.87M

• tlrobinson 17y ago
  Yeah, Garmin makes a lot more than turn-by-turn driving direction devices. Marine and aviation equipment, for example.
  • tptacek 17y ago
    You don't think the market had already priced in the idea that cellphones were inevitably going to displace handheld GPS?
    • txxxxd 17y ago
      Based on the 15% drop today, no.
    • brown9-2 17y ago
      Exactly. This isn't the first cell phone / GPS combo; this isn't even the first version of Google Maps on a cell phone to integrate with GPS functionality. Come to think of it, this drop probably has a lot more to do with TomTom's earnings than it does Google.
  • gaius 17y ago
    Tho' I can remember when Magellan dominated this industry, so much so that we all said Magellan when we meant GPS, like Xerox, Sellotape, Hoover and so on. Now no-one I know has a Magellan (tho' they do still seem to be in business). I don't see any IPX7 rated Android devices, tho', that's the bare minimum for a GPS for real outdoor use.
  • simon_ 17y ago
    Marine and Aviation equipment together account for about 15% of Garmin's revenue. The overwhelming majority of their business comes from exactly the segment Android is targeting.