Audiovox Pulls Out Of PND Market

Happen to be a fan of Audiovox PND’s?  Definitely not a big player in the portable GPS market up until now, and now not a player at all.  In announcing its Q1 fiscal results in New York on Friday, the company said it will pull out of the portable navigation market due to pricing pressures.  Despite the tough GPS times, electronics %sales were still up from last year’s first quarter numbers and account for 78.7% of the company’s net sales for this quarter.

via twice

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