Marvell Technology Inc (MRVL)

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Garmin expects to ship 18 million GPS PNDs in 2008
Daniel Shen, Taipei; Adam Hwang, DIGITIMES [Monday 22 December 2008]
http://www.digitimes.com/NewsShow/Article_print.asp?datePublish=2008/12/22&pages=PD&seq=203

Garmin, due to better than originally expected sales performance in the North American market since the Black Friday weekend, estimates that its 2008 total sales volume of GPS PNDs will increase by 50% from 2007 to 18 million units, according to the company's Asia Pacific marketing director Tony An.

Garmin's GPS PND sales volumes in the Asia Pacific market in 2008 will also grow by at least 50%, An indicated. In the Taiwan market, Garmin had a market share of 25-30%, next to 40% for Mio, in the first half of 2008, but the gap shrank considerably in the second half due to Garmin expanding its retail network, An pointed out.

In addition to GPS PNDs, Garmin will launch Nuvifone, its first GPS-enabled handset, in the Taiwan market in the second quarter of 2009, An noted. Garmin also plans to launch self-developed Android handsets in the second half of 2009, with production to be outsourced.