Six phone models and 20 months after they joined forces, the smartphone alliance between Asus, the Taiwanese computer maker, and Garmin, the US global positioning device company, is over – at least in its original form.
The two companies on Tuesday announced a new mode of cooperation. Instead of jointly developing Garmin Asus branded phones, Garmin will now only provide its navigation software to Asus, on an exclusive basis for the Android platform. Phones from the Taiwanese company, the world’s fifth-biggest PC maker, will from now on be Asus-branded in front, with a “Garmin Navigation” logo on the back. Read more
Some analysts are getting a little weary of Amazon’s continual tease on Kindle sales figures.
The internet retailer’s shares rose on Monday, based on its press release that the eReader had become the most popular gift in its history.
But Bank of America Merrill Lynch analysts complained in a note that they continued to be frustrated with the limited data from Amazon, which has never released any dollar or unit numbers on Kindle sales. Read more
Two years ago, navigation devices of the kind that you find mounted on car dashboards were one of the hot gifts of the holiday season and the stocks of Garmin and TomTom were riding high.
Not any more. Wednesday brought a double-whammy that knocked 21 per cent off shares in TomTom and 16 per cent off Garmin. Of the two pieces of news, it was the second that sounded the more ominous.
First was a warning from TomTom that prices for these devices, which not so long ago commanded a hefty premium, are likely to continue to slide. They dropped 27 per cent in the company’s latest quarter to an average of under 100 euros, and that erosion shows no sign of slowing. Read more