|Bid||70.00 x 10000|
|Ask||70.50 x 10000|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||0.91|
|PE ratio (TTM)||17.07|
|Forward dividend & yield||2.01 (2.87%)|
|Ex-dividend date||13 Mar 2020|
|1y target est||N/A|
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the premium Approach S62, a sleek GPS golf watch that integrates critical course information and full-color mapping, right on the wrist. With its sunlight readable 1.3-inch color touchscreen – 17 percent larger than the previous model – and scratch resistant ceramic bezel, the Approach S62 delivers an easier-to-read, larger display while upholding an elegant design that transcends the clubhouse. Boasting an array of features to help enhance a golfer’s game, the Approach S62 offers options such as PlaysLike Distance, Hazard View and introduces a Virtual Caddie to analyze critical factors such as wind speed, course layout, and a golfer’s past swings to select the best suited club for each shot. The Approach S62 is being showcased in the Garmin booth (1813) at this year’s PGA Merchandise Show in Orlando, Jan. 22-24.
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the tactix Delta, a multisport GPS smartwatch built to military standards (MIL-STD-810), with a scratch-resistant domed sapphire lens and diamond-like carbon coated bezel. Tactix Delta now includes stealth mode which disables storing and sharing of your location and a kill switch that erases all user memory. The fourth-generation tactix watch adds to Garmin’s expanding tactical watch line-up and introduces an updated design with a 1.4 inch display size, which is a 36 percent increase in surface area than previous tactix models, making it Garmin’s largest round watch face. Other additions include support for music storage, Garmin PayTM and new Garmin wearable features like PaceProTM and Power ManagerTM.
Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its fourth quarter 2019 earnings conference call that will be broadcast over the Internet on Wednesday, February 19, 2020 at 10:30 a.m. ET, with executives of Garmin. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on February 19, 2020.
Garmin International today announced the GI 275, a powerful electronic flight instrument that directly replaces legacy primary flight instruments.
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the world’s leading marine electronics manufacturer1, today announced the addition of six professional anglers to its 2020 Marine Pro Team. The new additions will round out the team of nearly 80 professional bass, walleye, and crappie fishermen who will represent Garmin in tournament circuits across North America, including the B.A.S.S., FLW and the Major League Fishing (MLF) tours, and on television shows across the country.
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the GTN™ 650Xi and GTN 750Xi, the next generation of in-flight navigation technology. Designed as a direct slide-in upgrade to the previous generation GTN 650/750, pilots can preserve their panel and modernize the cockpit with the new GTN 650Xi and GTN 750Xi. The all-in-one GPS/NAV/COMM boasts a feature-rich multifunction display and can integrate with new or existing remote-mount equipment such as a transponder or audio panel. Dual-core processors and modern hardware also prepare the GTN Xi series for advanced capabilities in the future. The GTN 650Xi and GTN 750Xi have received Federal Aviation Administration (FAA) approval and are available immediately for fixed-wing single-engine and multi-engine piston, turbine and experimental aircraft, with helicopter and business aircraft approvals soon to follow.
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced a new strategic relationship with Ford Motor Company that integrates Garmin’s world-renowned navigation technology into the recently announced Ford next-generation SYNC communications and entertainment system.
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the Garmin Dash Cam™ Tandem, its first dual-lens dash camera that offers drivers complete video coverage of their surroundings thanks to two 180-degree field of view lenses that record in tandem day and night. The dash cam’s high-definition 1440p front-facing camera lens with Garmin Clarity™ HDR can capture crisp footage showing critical vehicle details, while the interior lens with night vision introduces Garmin’s exclusive NightGlo™ technology to record all driver and passenger interaction, even in the dark.
Garmin International today announced certification of the G1000® NXi upgrade for Embraer’s Phenom 100 business jets equipped with the G1000.
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the limited edition MARQ Signature Set, which includes five watches from the original MARQ luxury modern tool watch Collection: MARQ Driver, MARQ Aviator, MARQ Captain, MARQ Adventurer and MARQ Athlete. Only 100 signature sets are being produced and sold globally for $10,000, each custom-built and recognized with the production number engraved on the back of each watch casing, along with a signed letter of authenticity from Garmin President and CEO Cliff Pemble. Each MARQ Signature Set is presented in a handcrafted solid walnut gift box that complements the beauty and finely crafted detail of the watches.
Strava co-founders Michael Horvath and Mark Gainey have returned to the company as CEO and executive chairman respectively, replacing James Quarles.
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.In Shenzhen’s glitzy financial district, a five-year-old outfit creates a 360-degree sports camera that goes on to win awards and draw comparisons to GoPro Inc. Elsewhere in the Pearl River Delta, a niche design house is competing with the world’s best headphone makers. And in the capital Beijing, a little-known startup becomes one of the biggest purveyors of smartwatches on the planet.Insta360, SIVGA and Huami join drone maker DJI Technology Co. among a wave of startups that are dismantling the decades-old image of China as a clone factory — and adding to Washington’s concerns about its fast-ascending international rival. Within the world’s No. 2 economy, Trump’s campaign to contain China’s rise is in fact spurring its burgeoning tech sector to accelerate design and invention.The threat they pose is one of unmatchable geography: by bringing design expertise and innovation to the place where devices are manufactured, these companies are able to develop products faster and more cheaply.“Ninety percent of the world’s headphones are produced in China, 90% of China’s headphones are produced in Guangdong, and 90% of Guangdong’s headphones are made in Dongguan,” explains SIVGA co-founder and product chief Zhou Jian, an 18-year audio industry veteran who has done work for global brands like Sennheiser Electronic GmbH & Co., Sony and Bose. His company is based in Dongguan because, he says, “Dongguan’s industrial chain is near perfect.” Zhou estimates there are hundreds of specialist factories in the area focusing on a particular component, such as screws, and his network of contacts among those suppliers has been invaluable. It was “support from these good friends” that got SIVGA, short for Sound Impression Via Genuine Artwork, off the ground.Now employing more than 30 people and offering a premium brand called Sendy Audio, SIVGA sells a luxury pair of $599 headphones called Aiva. Featuring handcrafted wooden ear cups and intricately detailed metal grilles, the Aiva have shipped more than 2,000 units into a niche, high-margin market that’s usually reserved for U.S. boutique outfits like Audeze and Campfire Audio. “As far as we know, we are the only company in Dongguan with a woodworking department,” Zhou says, while also pointing out that at SIVGA “the development time is short and many decisions can be made on the spot.” This instant design responsiveness is a signature feature of China’s new tech upstarts, and Zhou sums it up with an old Chinese proverb: “small boats change course easier than big boats.”DJI is the pioneer that proved Chinese tech companies could aspire to be more than just manufacturing contractors or fast copiers. “DJI leads the industry with features like automatically avoiding obstacles in flight, which it implemented first,” notes Techsponential lead analyst Avi Greengart. “Rivals in the U.S., France and Taiwan have not been able to catch up.” DJI’s lead is based on the same geographic synergies as SIVGA’s. When a U.S. rival suffers a manufacturing hitch or defect, its ability to identify and react to the problem is hampered by the distance between its designers and manufacturers. DJI doesn’t have that problem, which has helped propel it to being the top drone maker in the world.“These are Chinese companies that want to be industry leaders and innovators. DJI and Insta360 are perfect examples of that movement,” says Anshel Sag, mobile industry analyst for Moor Insights & Strategy. “A big part of it comes from the entrepreneurial spirit of Shenzhen.”Like Dongguan, which this year saw a large new Huawei Technologies Co. campus open, Shenzhen is a nexus of component makers and suppliers eager to find new customers for their wares. The cacophonous Huaqiangbei bazaar in the city exhibits a wild array of gadgets from smartphone-electric shaver hybrids to neon-lit unicycles with Bluetooth speakers. That commoditized fray offers inspiration but also an impetus to rise above it with genuine innovation. The successful companies are the ones who make the most of the rabid production and iteration around them.“In Shenzhen, there’s a well-established supply chain system,” says Insta360 founder Liu Jingkang. “From a research perspective, in-house R&D may only contribute 60% of a product, the rest needs to be finished in factories.” The CEO of OnePlus, another company based in the city, has expressed pride in its ability to prototype new devices at great speed because he’s just a 45-minute drive away from its assembly lines.Even without being Apple Inc., Chinese companies are now building world-class, premium products, though China’s signature feature of undercutting the established market remains. Whether or not a Chinese company is first to a technology, it makes sure to be first to a breakthrough price.Backed by Xiaomi Corp. in 2014, Huami is responsible for creating the massively popular Xiaomi Mi Band, which has flooded the China market at a $20 price. The Mi Band offers most of the features of a Fitbit fitness tracker — including step counting and heart-rate monitoring — at a fraction of the cost. After expanding to sales in the U.S. and launching its own Amazfit brand, Huami is now shipping in excess of 5 million devices per quarter, and its chief executive talks openly about “taking out” at least some of its larger rivals, including Apple and Samsung Electronics Co.“The operating models for Garmin and other European and U.S. smart device vendors are flawed. Their retail price is very high,” Huami CEO and founder Wang Huang says. “You will only be able to sell very expensive products to a very small group of customers because mainstream and lower-end markets will be eroded by companies like us.”Evidence for the Huami chief’s words abounds in the smartphone market, where the top group of manufacturers is increasingly dominated by Chinese names like Xiaomi, Oppo and Huawei. 2018 saw these brands make major inroads into the European market, relying on better pricing and faster feature introductions. Xiaomi “consistently produces budget flagship phones with first-to-market implementations,” says Techsponential’s Greengart. Along with SIVGA, Huami and Insta360, they’re following in the footsteps of companies like Lenovo Group Ltd., which was among China’s early breakout successes after buying IBM Corp.’s PC business in 2004. Their global ambitions and innovation pose a serious threat to the leadership of a plethora of U.S. tech products in areas from design to functionality, whether they be GoPro cameras, Apple iPhones or HP laptops.China’s rapidly rising tech creators are not without commercial savvy. Many of them are planning to seek capital on Shanghai’s new trading venue for startups, locally known as the Star board. Ninebot Inc., the Xiaomi-backed outfit that acquired Segway in 2015, aims to raise $300 million there. In unicorn territory, the Google-backed Mobvoi, which creates natural language translation algorithms for its Wear OS smartwatches, is also said to be seeking a high-value listing on the Star market.Royole, the startup that earned a measure of notoriety by beating Samsung to selling the world’s first foldable device in 2019, has managed to secure a deal with Louis Vuitton that will see the two companies putting flexible screens on handbags of the future. Like Huami initially leaning on the Xiaomi brand to build itself up, Royole stands a chance to be a luxury goods player with the help of a bigger company. The differences between California’s Silicon Valley startups, which have tended to do a better job of marketing and deal-making, and China’s new generation of homegrown businesses are gradually disappearing.How and Why the U.S. Says China Steals Technology: QuickTakeAmerican critics, such as President Donald Trump, commonly point to a track record of Chinese companies copying features from abroad, and one of their bits of evidence is the way Apple’s iPhone software and design seem to be habitually recreated by Huawei, Xiaomi and others. There’s not much that a Western company can do in such situations. When Segway filed a complaint against a number of Chinese brands for IP violations, it ended up conceding the fight and getting acquired by one of its defendants.The observable change now is that a new generation of innovative companies aren’t waiting for someone else to show them the blueprint. China’s rapid ascent in innovation goes beyond anecdotal evidence from startups like DJI and Huami, and the country’s corporations now rank among the world’s most prolific patent applicants.“The trend of China moving to high-end manufacturing, research and design is unstoppable,” said Jia Mo, a Shanghai-based analyst with consultancy Canalys.To contact the reporters on this story: Vlad Savov in Tokyo at firstname.lastname@example.org;Gao Yuan in Beijing at email@example.com;Lulu Yilun Chen in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Elstrom at email@example.com, Vlad Savov, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- If you want to stay ahead of Apple Inc. and its wearable accessories, you’ve got to sell to everyone from anglers to military pilots.That’s the message from the chief executive officer of GPS and fitness accessory maker Garmin Ltd., whose shares have soared more than 25% since January, while rival Fitbit Inc.’s shares have tumbled to record depths.“The products that win are those that can differentiate themselves from the masses,” Clifton A. Pemble said in an interview. Garmin’s wearables, which range from around $70 to as much as $1,500 in price, are geared to helping athletes monitor activity and health.Schaffhausen, Switzerland-based Garmin has been selling wearable activity trackers since 2003, and they’ve never needed to be paired with a specific model of phone to function. Watches like the Garmin Forerunner help an athlete determine if they’re overtraining or undertraining, monitor running gait and sleep patterns at night, as well as play music and display messages.Products like the Apple Watch, on the other hand, were originally marketed as mass-market luxury accessories that exclusively require an iPhone to be useful.This is changing, however. While fitness features were always an important aspect of the Apple Watch, the company’s become more bullish about its wearable as a standalone health tool. The latest model can already perform mobile electrocardiography and detect potential heart conditions, and in June Apple said it would soon get its own app store and that many more apps would work without an iPhone nearby.But despite this growing competition, Garmin boosted its full-year guidance in July, saying it now expects around $3.6 billion in revenue, up from $3.5 billion in February, and its fitness and outdoor units are still expected to grow 13% and 10% respectively.Its CEO has pegged the success of its wearables on incorporating features overlooked by other manufacturers, while one analyst says the company’s expertise in other areas -- such as flight displays and touchscreen monitors for military fighter jets -- bolsters the capabilities of its other gadgets.“The company that’s making that type of technology is putting GPS technology on your wrist,” said Ivan Feinseth, chief investment officer at Tigress Financial Partners.Winning the wearables market could prove lucrative as it’s slated to reach global shipments of 222.9 million units in 2019. That will grow to 302.3 million units in 2023, according to a forecast published in June from the International Data Corporation’s Worldwide Quarterly Wearable Device Tracker.(Updates with revenue growth breakdowns in 7th paragraph.)To contact the reporter on this story: Natalia Drozdiak in Brussels at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Garmin Stock Fell following Its Q1 Earnings Release(Continued from Prior Part)GRMN’s returnsShares of Garmin (GRMN) fell just below 7% on May 1, 2019, to close the day at $80.06. The stock is currently trading 36% above its 52-week low of $58.71
The iPhone maker beat Wall Street's first quarter profit forecasts and raised its quarterly dividend. The drugstore operator blew past first quarter profit estimates and raised its profit forecast for the year. The cruise line operator had more passengers boarding its ships during the first quarter, pushing profit above Wall Street's forecasts.