Welcome to our dedicated page for Garmin news (Ticker: GRMN), a resource for investors and traders seeking the latest updates and insights on Garmin stock.
Garmin Ltd. reports developments across GPS-enabled hardware and software for fitness, outdoor, automotive, aviation and marine markets. Company news commonly covers earnings releases, new smartwatch features, aviation flight deck systems, marine sonar and chartplotter products, and integrations through the Connect IQ platform and connected wearables.
Garmin updates also include audio products under JL Audio and Fusion, inReach satellite and cellular connectivity, supplier recognition in aviation, and product partnerships tied to health, messaging and outdoor communications. The company is incorporated in Switzerland, with principal subsidiaries in the United States, Taiwan and the United Kingdom.
Garmin has launched the inReach Mini 2, a compact satellite communication device designed for outdoor enthusiasts. It features two-way texting, SOS capabilities, and up to 30 days of battery life. The device includes navigation features like TracBack and integrates with the Garmin Explore app for enhanced functionality. The inReach Mini 2 offers location tracking and weather updates via the global Iridium satellite network. It is priced at $399.99 and requires an active satellite subscription.
Garmin has introduced a new feature, Green Contour data, to its Garmin Golf app membership, enhancing golfers' approach shots by displaying the slope direction of the green. This innovative tool allows users to view critical green information, including slope percentages and directional arrows, available for over 8,900 courses in North America. Membership costs $9.99 monthly or $99.99 annually, with additional benefits such as access to the Home Tee Hero simulator with certain purchases. The feature aims to improve golfers' performance on challenging courses.
Garmin has launched its latest marine cartography products, Garmin Navionics+ and Garmin Navionics Vision+, designed for Garmin chartplotters. These products feature all-in-one mapping solutions integrating detailed inland and offshore data, daily chart updates, and advanced Auto Guidance+ technology for enhanced navigation. With up to 5,000 daily updates and comprehensive coverage of over 42,000 lakes globally, the new cartography aims to improve situational awareness for mariners. Pricing ranges from $129.99 to $399.99 based on coverage.
Garmin has announced a new catalog of marine cartography products under its Navionics brand, featuring the Navionics+ and Platinum+ charts. These charts now integrate inland and coastal mapping, making navigation easier for mariners. The catalog boasts daily chart updates, high-resolution overlays, and premium features for enhanced navigation experiences. The Navionics+ and Platinum+ chart cards have suggested retail prices ranging from $129.99 to $399.99. This upgrade aims to simplify boating and fishing trips with new, detailed coverage regions.
Garmin has unveiled the fēnix 7 Series, an advanced solar-enhanced multisport GPS smartwatch. This new generation boasts a touchscreen design, a robust 5-button interface, and features like multi-band positioning and extensive training tools aimed at athletes. The series offers improved battery life, lasting up to 5 weeks in smartwatch mode thanks to solar charging. Noteworthy additions include a built-in flashlight for fēnix 7X models and new training metrics like Real-Time Stamina and Visual Race Predictor, enhancing athletic performance and recovery insights.
Garmin has launched the epix™, a premium multisport smartwatch featuring a vibrant AMOLED display. Designed for an active lifestyle, the watch boasts up to 16 days of battery life, advanced health monitoring features, and customizable training plans. It offers a durable design with a sapphire lens and titanium bezel, making it suitable for both workouts and everyday wear. The epix provides smart features like music storage, notifications, and Garmin Pay, aimed at enhancing the user experience. Priced starting at $899.99, it caters to both fitness enthusiasts and everyday users.
Garmin Ltd. (NYSE: GRMN) is set to hold its fourth quarter 2021 earnings conference call on February 16, 2022, at 10:30 a.m. EST. This conference call will follow the earnings release, which is scheduled for distribution prior to market open on the same day. Investors can access the call via the company's website or by phone. A replay of the call will be available until February 15, 2023. Garmin, incorporated in Switzerland, continues to innovate across various sectors, including aviation and fitness.
Garmin, a leading tech firm, has announced a sponsorship deal for 2022 with over 15 professional cycling teams and numerous athletes. This partnership will see these teams utilize Garmin and Tacx products for training and competitions. Key products include Forerunner running watches and Edge cycling computers, designed to enhance performance through detailed metrics. Notable teams such as Quick Step-Alpha Vinyl and INEOS Grenadiers will fully integrate Garmin's ecosystem into their training. This initiative underscores Garmin's commitment to supporting athletes at every level while promoting its innovative product offerings.
Garmin has launched the 2022 Garmin Tacx Mash Down Tour, starting on January 20, covering 11 cities across the U.S. This event will showcase Garmin and Tacx products through hands-on demos and competitive challenges on Zwift. Each tour stop will allow participants to test various Garmin cycling products, including Tacx trainers and Edge GPS cycling computers. Attendees can also enter to win prizes, including Tacx trainers. This initiative aims to promote Garmin's ecosystem among cyclists, enhancing brand visibility and product engagement.
Garmin released its 2021 Global Garmin Connect Fitness Report, showcasing record activity levels among smartwatch users amid ongoing COVID-19 challenges. In 2021, indoor fitness activities surged by 20.54%, with Pilates and yoga leading the growth. Outdoor activities also increased by 9.52%, driven by gravel cycling and winter sports. Key highlights include a 108.30% rise in Pilates sessions and significant growth in breathwork and gravel rides. The report reflects Garmin's commitment to enhancing fitness experiences for its users and demonstrates resilience in a global pandemic environment.