STOCK TITAN

Garmin enables premium app purchases in the Connect IQ Store and unveils fun new watch faces and apps

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Garmin (NYSE: GRMN) has announced that customers can now make purchases in the Connect IQ™ Store using Garmin Pay™. This integration allows developers to be rewarded for their innovative designs while providing Garmin users access to premium watch faces and apps from brands like Disney, GoPro®, Porsche, and TaylorMade.

New offerings include Disney watch faces featuring characters from Disney, Marvel, and Star Wars; a GoPro Camera Control App; Porsche watch faces; a TaylorMade golf-inspired watch face; and space-themed watch faces inspired by NASA. These premium apps and watch faces are available for select smartwatches with prices starting at $4.99.

Garmin (NYSE: GRMN) ha annunciato che i clienti possono ora effettuare acquisti nel Connect IQ™ Store utilizzando Garmin Pay™. Questa integrazione consente agli sviluppatori di essere ricompensati per i loro design innovativi, offrendo agli utenti Garmin accesso a quadranti orari e app premium da marchi come Disney, GoPro®, Porsche e TaylorMade.

Tra le nuove offerte ci sono quadranti Disney con personaggi di Disney, Marvel e Star Wars; un app per il controllo della fotocamera GoPro; quadranti Porsche; un quadrante ispirato al golf di TaylorMade; e quadranti a tema spaziale ispirati alla NASA. Queste app e quadranti premium sono disponibili per alcuni smartwatch selezionati, con prezzi a partire da $4,99.

Garmin (NYSE: GRMN) ha anunciado que los clientes ahora pueden realizar compras en la tienda Connect IQ™ utilizando Garmin Pay™. Esta integración permite que los desarrolladores sean recompensados por sus diseños innovadores, al mismo tiempo que proporciona a los usuarios de Garmin acceso a esferas de reloj y apps premium de marcas como Disney, GoPro®, Porsche y TaylorMade.

Las nuevas ofertas incluyen esferas de reloj de Disney que presentan personajes de Disney, Marvel y Star Wars; una app de control de cámara GoPro; esferas de reloj de Porsche; una esfera de reloj inspirada en el golf de TaylorMade; y esferas de reloj temáticas espaciales inspiradas por la NASA. Estas apps y esferas premium están disponibles para algunos smartwatch seleccionados, con precios que comienzan en $4.99.

가민(Garmin, NYSE: GRMN)은 고객이 이제 Garmin Pay™를 사용하여 Connect IQ™ 상점에서 구매할 수 있다고 발표했습니다. 이 통합을 통해 개발자는 혁신적인 디자인으로 보상을 받을 수 있으며, Garin 사용자들은 Disney, GoPro®, Porsche 및 TaylorMade와 같은 브랜드의 프리미엄 시계 페이스와 앱에 접근할 수 있습니다.

새로운 제공 사항에는 Disney, Marvel 및 Star Wars 캐릭터가 등장하는 디즈니 시계 페이스; GoPro 카메라 제어 앱; 포르쉐 시계 페이스; 타일러메이드 골프 영감을 받은 시계 페이스; NASA에서 영감을 받은 우주 테마의 시계 페이스가 포함됩니다. 이러한 프리미엄 앱과 시계 페이스는 선택된 스마트워치에서 제공되며 가격은 $4.99부터 시작됩니다.

Garmin (NYSE: GRMN) a annoncé que les clients peuvent désormais effectuer des achats dans la boutique Connect IQ™ en utilisant Garmin Pay™. Cette intégration permet aux développeurs d'être récompensés pour leurs designs innovants tout en offrant aux utilisateurs Garmin un accès à des cadrans et applications premium de marques telles que Disney, GoPro®, Porsche et TaylorMade.

Les nouvelles offres comprennent des cadrans Disney mettant en vedette des personnages de Disney, Marvel et Star Wars ; une application de contrôle de caméra GoPro ; des cadrans Porsche ; un cadran inspiré par le golf de TaylorMade ; et des cadrans sur le thème de l'espace inspirés par la NASA. Ces applications et cadrans premium sont disponibles pour des smartwatchs sélectionnés, avec des prix à partir de 4,99 $.

Garmin (NYSE: GRMN) hat angekündigt, dass Kunden nun im Connect IQ™ Store mit Garmin Pay™ einkaufen können. Diese Integration ermöglicht es Entwicklern, für ihre innovativen Designs belohnt zu werden, während Garmin-Nutzer Zugang zu Premium-Zifferblättern und Apps von Marken wie Disney, GoPro®, Porsche und TaylorMade haben.

Zu den neuen Angeboten gehören Disney-Zifferblätter, die Figuren aus Disney, Marvel und Star Wars zeigen; eine GoPro-Kamera Steuerungs-App; Porsche-Zifferblätter; ein golfinspiriertes Zifferblatt von TaylorMade; sowie raumthematische Zifferblätter, die von der NASA inspiriert sind. Diese Premium-Apps und Zifferblätter sind für ausgewählte Smartwatches verfügbar, mit Preisen ab 4,99 $.

Positive
  • Introduction of premium app purchases in the Connect IQ Store using Garmin Pay
  • Partnerships with major brands like Disney, GoPro, Porsche, and TaylorMade for new watch faces and apps
  • Potential for increased revenue through app sales and developer incentives
Negative
  • None.

Garmin's move to enable premium app purchases in the Connect IQ Store marks a significant shift in their ecosystem strategy. This integration of Garmin Pay for in-store purchases creates a new revenue stream and incentivizes third-party developers. The partnership with major brands like Disney, GoPro, Porsche and TaylorMade adds considerable value to Garmin's smartwatch offerings.

From a tech perspective, this move positions Garmin more competitively against rivals like Apple and Samsung in the smartwatch market. The ability to monetize apps could attract more developers, potentially leading to a richer app ecosystem. However, Garmin will need to ensure a smooth user experience and maintain app quality to compete effectively with more established app stores.

While this update enhances Garmin's smartwatch functionality, its impact on overall sales and market share remains to be seen. The success will largely depend on user adoption and the quality of premium apps offered.

Garmin's introduction of premium app purchases is a strategic move to tap into the growing smartwatch app market. With the global smartwatch app market projected to reach $39.3 billion by 2027, Garmin is positioning itself to capture a larger share of this lucrative segment.

The collaboration with well-known brands like Disney and Porsche could significantly boost Garmin's appeal to a broader consumer base. These partnerships may help Garmin attract users who prioritize brand affinity and customization options in their smartwatch choices.

However, the success of this initiative will depend on several factors:

  • The quality and variety of premium apps offered
  • Competitive pricing ($4.99 starting price seems reasonable)
  • User acceptance of paid apps in a previously free ecosystem

While this move shows promise, it's important to monitor user adoption rates and developer engagement to gauge its long-term impact on Garmin's market position and revenue growth.

The latest apps are available to purchase in the Connect IQ marketplace using Garmin Pay 

OLATHE, Kan., Aug. 6, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) today announced that customers can now make purchases in the Connect IQ Store using Garmin Pay. This seamless integration rewards developers for their innovative designs while also providing Garmin customers with access to premium watch faces and apps from brands like Disney, GoPro®, Porsche and TaylorMade—with even more options to come.

"For years, our customers have turned to the Connect IQ Store for fun and informative watch faces and apps to support their endeavors and now, we are excited to advance our Connect IQ marketplace even more. Enabling premium apps allows third-party developers to be rewarded for their hard work. We are thrilled that some of the largest brands in the world have joined us to launch new watch faces and apps, and we look forward to the future of our Connect IQ platform."
–Dan Bartel, Garmin Vice President of Global Consumer Sales

Experience the new Connect IQ Store marketplace. The following watch faces and apps are available to purchase now:

Disney Watch Faces

Celebrate all things Disney, Marvel and Star Wars with four unique watch faces, including a Grogu digital watch face with six poses that rotate around; a digital watch face starring Tony Stark; and analog Mickey Mouse and Minnie Mouse watch faces where their hands tell the time.

GoPro Camera Control App

Control a GoPro right from the wrist. The camera control app lets users start and stop recordings, take still pictures and more.

Porsche Watch Faces

Honor an iconic sportscar brand with three Porsche watch faces, including a digital watch face with the Porsche wordmark; a timeless analog watch face that showcases the world-famous Porsche crest; and an analog watch face dedicated to the classic 917 Salzburg livery design.

TaylorMade Watch Face

Inspired by the love of the game, the TaylorMade watch face features a golf ball background that matches the exact dimple pattern of a TP5 golf ball. Users can even relive their last round by displaying their score right on their wrist.

Space-Themed Watch Faces

Take your passion for space to new heights with three space-themed watch faces. Inspired by NASA's Apollo Mission and the astronauts who first walked on the moon, the Moonwalker watch face features a retro astronaut design and can be configured to light or dark themes; the Ad Astra watch face features a collection of 24 images from NASA's James Webb telescope that change every day or every hour; and the All-Day Astronaut watch face includes 24 awe-inspiring NASA images that also change every day or every hour.

These watch faces and apps are available now for select smartwatches and have a suggested retail price starting at $4.99. They can be purchased from the Connect IQ Store, which also features a great variety of free apps. Developers interested in learning how to monetize their apps can visit the Connect IQ developer site.

Connect IQ is the app platform for Garmin smartwatches, bike computers, and outdoor handhelds, allowing developers to create on-device solutions and applications for millions of Garmin customers around the world. Using the Connect IQ SDK, developers can upload their creations to the Connect IQ store alongside thousands of apps. For more information, email our media team or connect with us on LinkedIn.

© Disney
© 2024 MARVEL
© &Lucasfilm Ltd. 

About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark and Connect IQ and Garmin Pay are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 30, 2023, filed by Garmin with the Securities and Exchange Commission (Commission file number 0001-411180). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Media Contacts:
Stephanie Schultz and Natalie Miller
913-397-8200
media.relations@garmin.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-enables-premium-app-purchases-in-the-connect-iq-store-and-unveils-fun-new-watch-faces-and-apps-302215098.html

SOURCE Garmin International, Inc.

FAQ

What new feature has Garmin (GRMN) introduced for the Connect IQ Store?

Garmin has introduced the ability to make premium app purchases in the Connect IQ Store using Garmin Pay.

Which major brands have partnered with Garmin (GRMN) for new watch faces and apps?

Garmin has partnered with Disney, GoPro, Porsche, and TaylorMade to offer new premium watch faces and apps in the Connect IQ Store.

What is the starting price for the new premium watch faces and apps on Garmin (GRMN) devices?

The new premium watch faces and apps for select Garmin smartwatches have a suggested retail price starting at $4.99.

What types of Disney-themed watch faces are available in Garmin's (GRMN) Connect IQ Store?

The Connect IQ Store offers Disney watch faces featuring characters from Disney, Marvel, and Star Wars, including Grogu, Tony Stark, Mickey Mouse, and Minnie Mouse.

Garmin Ltd

NYSE:GRMN

GRMN Rankings

GRMN Latest News

GRMN Stock Data

33.14B
192.21M
19.55%
55.86%
1.12%
Scientific & Technical Instruments
Search, Detection, Navagation, Guidance, Aeronautical Sys
Link
United States of America
SCHAFFHAUSEN