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Garmin surprises with strong sales

Boyd 2002 Points
edited November -1 in GPS Discussions

Looks like reports of the death of the PND may be a bit premature. :)
Aug 1 (Reuters) - Garmin Ltd's quarterly profit blew past analysts' estimates as revenue from its personal navigation devices (PND) business rose for the third straight quarter, and the company raised its full-year profit forecast.

Garmin's PND business has been steadily turning around after several quarters of slow sales, as the company tries new strategies such as bundling its PNDs with its high-margin mapping services and providing cars with entertainment systems.


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