Publicly owned Garmin, headquartered in the US, was founded in 1989 and employs approximately 8,210 people. The company manufactures consumer electronics, specifically hand-held, portable, and fixed-mount global positioning system (GPS)-enabled products. Garmin also offers navigation, communications, and information products catering to the automotive/mobile, outdoor, fitness, marine, and general aviation markets.

Revenue

Founded

1989

Headcount

8,204

Headquarters

US

Primary Segment

Consumer Electronics

Ownership

Publicly Owned

News Summary:

Garmin integrated its smartwatches with Pokémon Sleep on March 21, expanding device compatibility for the popular sleep-tracking game. Earlier on March 21, the company's devices, including the Forerunner 55, 265, and 570, experienced aggressive pricing on Amazon, signaling a strategic move in the fitness tracker market. The Garmin Instinct outdoor watch also saw a price reduction to $244.76, down $11.88 from its usual price. Previously, on March 20, Garmin released software version 16.37, an update improving the course planner for five smartwatches: the Venu 4, Venu X1, vivoactive 6, Forerunner 570, and Forerunner 970, following its beta version. Additionally on March 20, the Garmin epix Pro Sapphire Edition 42mm dropped to $549.99 on Amazon, a reduction of $46.87, making the premium smartwatch more accessible for users with smaller wrists.

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Garmin offers 2 products in the media tech industry. Garmin's product portfolio comprises of connectivity infrastructure.
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