Posts Tagged ‘Garmin’

New arrival: Garmin Forerunner 645 Music GPS smart watch

Tuesday, March 13th, 2018

The Garmin Forerunner 645 Music is a GPS running watch with integrated music and features Garmin Pay contactless payment solution. RRP: S$669 (without integrated music: S$599). IT Show 2018 promotions below.

Garmin Forerunner 645 Music & Forerunner 645 GPS smart watch.

Garmin Forerunner 645 Music & Forerunner 645 GPS smart watch.

The integrated music gives athletes the freedom to enjoy their favorite tunes on a run or during a workout without having to take a phone along.

Need to buy a bottle of water or a quick bite after a workout?

Garmin Pay contactless payment solution lets users pay for purchases with the Forerunner 645 Music.

In addition to 24/7 heart rate monitoring, the smart watch includes advanced running dynamics, performance monitoring tools, connected features and thousands of ways to customise with free watch faces, widgets, data fields and apps through the Garmin Connect IQ store.

More details from the press release below.

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Unexpected loss from TomTom as portable navigation devices lose popularity

Friday, July 22nd, 2011

Europe’s largest maker of portable navigation devices reported a surprise second-quarter loss after writing down the value of assets to reflect a declining market for those devices.

TomTom, Europe's largest maker of portable navigation devicesThe company reported a net loss of 489 million euros compared with a profit of 34 million euros a year earlier. The average forecast of nine analysts surveyed by Bloomberg was net income of 10.7 million euros.

Portable navigation devices from TomTomThe company took an impairment charge of 512 million euros in the quarter “reflecting the reduced outlook” for the personal navigation device market. Of the charge, 473 million euros related to goodwill. Sales decreased 13 percent to 314 million euros.

Earlier on June 27, TomTom had reduced its full-year profit and sales forecasts, saying U.S. demand for its devices had declined faster than anticipated and that consumers were opting for cheaper navigation systems.

Amsterdam-based TomTom was founded in 1991 and listed in 2005After the statement, TomTom’s stock plunged 27 percent the day after. Its shares have declined 54 percent this year, reducing the market value of the Amsterdam-based company value to 812 million euros. Its U.S. rival Garmin has gained 5.6 percent this year.

Built-in car navigation from TomTomMaaike Noordhuis of Bloomberg reports that TomTom, which competes with Garmin and Google, aims to get more revenue from maps, services and built-in systems in cars amid a slowdown in sales of portable navigation devices.