Thursday, June 19. 2008

Nuvifone Update

There's a video of the device making the rounds (Wired). Also, Asus will manufacture the device. it's the first time Garmin has outsourced hardware manufacturing, per DigiTimes. The Street quotes analysts who argue the expected $399 price with $100 discount from service providers for service won't fly. To compete with the iPhone it'll have to be $199. That means less margin and less profit. Garmin dropped 5% on Tuesday, Shares of Garmin have lost nearly half their value since the beginning of the year. On Tuesday, shares fell more than 5% to close to $43.48.

Posted by Adena Schutzberg in LBS at 06:00 | Comments (0) | Trackbacks (0) |

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