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Garmin Takes Worst Lickin’ Of The Past Year On Wall Street Today

by Justin

Garmin’s 52 Week Stock Price

Garmin hit a 52 week low today on Wall Street.  Looks like GPS manufacturers are really feeling the pinch if a big name like Garmin is watching its value crumble.  We still don’t think the portable navigation market is dead yet.  There are others besides Om Malik that think it is though.  Take a look at all these sell-side analysts listening to a Garmin presentation from CES 2008:

Garmin CES 2008 Presentation

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2 comments

1 GPS Obsessed » TomTom Takes Huge Financial Hit In Q1, Drops Yearly Earning Estimate { 04.09.08 at 5:17 am }

[...] like Garmin isn’t the only GPS manufacturer hit hard by dropping prices and newcomers to the market, as TomTom has dropped its Q1 earnings estimates as [...]

2 GPS Obsessed » Garmin Says GPS Buyers Are Going Cheap These Days { 05.04.08 at 5:50 am }

[...] Garmin announced their first quarter earnings last week, the company said a weak economy was impacting their bottom line.  Although Garmin’s net income was up slightly on an almost 100% jump in portable navigation [...]

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