Garmin says 4Q earnings meet expectations

December 2009 News
Navigation-product manufacturer Garmin said its fourth quarter through Black Friday was in line with expectations in terms of margins, the number of units sold and the selling price per unit.

Early last month, Garmin's forecast for a weak holiday quarter had reignited concerns about the long-term survival prospects of the personal navigation device market and sent its shares tumbling.

Garmin's average selling price in the fourth quarter was in the mid-$140 range, the same as the year-ago period, Rauckman said.

He said Garmin's loss of market share in the quarter was no worse than expected even as it stayed away from price wars and discounts.

Click here for the full article.

  • Like what you read?

    Want to know when we have important news, updates or interviews?

  • Join our newsletter today!

    Sign Up
You Might Also Be Interested In...
Share

Send to your friends!