Saturday, August 6, 2011

Battered navigation companies look past PNDs for new business

Battered navigation companies look past PNDs for new business

Personal fitness GPS products could be a possible growth market for struggling PND companies. A new report from ABI Research is forecasting that the personal fitness GPS market could soon surpass 10 million units. Products such as the Garmin Forerunner 610 have helped its Outdoor and Fitness division deliver 27% of the company's operating income last year, ABI said, and that growth continued into 2011 when the company recorded a 25% increase in fitness sales during the second quarter.

Boy Genius Report, Battered navigation companies look past PNDs for new business

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