Garmin moves beyond the auto dashboard for sales growth

02/23/2012 | Bloomberg Businessweek

Garmin has diversified its product line to offset the reduced demand for its well-known navigation devices in automobiles. Although sales of navigation devices for drivers were down 5% last year, the company was able to post a 9% increase in fourth-quarter sales compared with the year-earlier period, to $910 million. That increase came on the strength of its products for hikers and hunters, GPS-based devices and watches for athletes, and dashboard products for airplanes, helicopters and ships, this article notes.

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