Garmin Sells 100 Millionth Device, Sees Q1 2012 Revenues Grow 10%

Smartphones and their readily-accessible GPS connections have made the traditional GPS market a tenuous place to be – but Garmin’s not going down without a fight. The company announced today that it has reached 100 million products sold over the course of the company’s 23 years. Along with that milestone, the company announced its Q1 2012 financial results, highlighted by $557 million in revenue; this represents a 10 percent increase year-over-year All of Garmin’s business segments and geographic locations contributed to this growth – most notably, fitness segment revenue increased 26 percent

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