Garmin Stock Price, News & Analysis

On January 5, 2023, BlackBerry Limited announced that Garmin has selected its QNX® technology for Garmin's next-gen proof of concept at CES 2023. The Unified Cabin™ integrates multiple operating systems on a single system on chip (SoC).

Garmin chose BlackBerry QNX for its safety and reliability, essential in automotive applications. The deal further solidifies their partnership as the industry seeks safe ways to run Android Automotive OS alongside RTOS. BlackBerry QNX products are featured in over 215 million vehicles globally, enhancing automotive safety and cybersecurity.

Garmin (NYSE: GRMN) has launched the RV 895 and RV 1095 navigators, designed for RV enthusiasts with 8 and 10-inch displays. These devices offer custom routing based on vehicle size, preloaded content including national parks, and BirdsEye satellite imagery for enhanced arrival planning. Features include traffic alerts, Bluetooth connectivity, and integration with the Garmin Drive app for real-time updates. The RV 895 is priced at $699.99 and the RV 1095 at $899.99, available now at garmin.com. This release aims to enhance navigation for camping adventures.

Garmin (NYSE: GRMN) has launched the Garmin Dash Cam Live, an always-connected LTE dash cam designed for vehicle security and monitoring. With a retail price of $399.99, the device offers live video access through the Garmin Drive app, enhancing drivers' peace of mind with theft alerts and incident notifications. The camera records in high-definition 1440p and features Garmin Clarity HDR optics. A subscription plan starting at $9.99/month is required for full connectivity. This innovative product aims to provide safety and convenience for drivers, available now and showcased at CES 2023.

Garmin (NYSE: GRMN) showcased its innovative Unified Cabin in-vehicle solution at CES 2023, designed for Automotive OEMs. This system seamlessly connects multiple wireless passenger devices to real-time entertainment options like games and videos, powered by a single multi-domain computing module. The setup features customizable experiences through UWB technology and includes advanced integrations with partners like Xperi and Mapbox. Garmin aims to enhance user experience and address technical challenges for next-gen multi-screen systems running on Android Automotive OS.

Garmin (NYSE: GRMN) released its 2022 Garmin Connect Fitness Report, revealing significant shifts in fitness habits post-pandemic. The report highlights a surge in logged activities with the Garmin Connect app reaching an all-time high, as consumers resumed pre-pandemic routines. Key insights include a 143% year-over-year growth in skiing/snowboarding activities and a 40% increase in gravel cycling activities. Home-based workout activities have leveled off, while indoor sports like running and swimming have surged. The report marks the third year of annual insights into fitness trends.

Garmin has announced a partnership as the official running watch sponsor for Under Armour's Mission Run professional teams, which include elite athletes and coaches. The Forerunner 955 GPS smartwatch will be utilized to track performance metrics and monitor health stats. Key figures involved include coach Stephen Haas and notable athletes such as Sharon Lokedi. The smartwatch boasts up to 15 days of battery life, advanced performance tracking features, and will be complemented by the Garmin Clipboard Coaching app for comprehensive training analytics.

Garmin (NYSE: GRMN) has been awarded the prestigious 2022 Supplier Innovation Award by BMW Group for its contributions to the BMW 7 Series, particularly the Theatre Screen feature. This recognition was announced during an event on November 17, 2022, in Munich. Garmin's innovative technology enables a uniquely immersive back-seat movie experience with a 31-inch panoramic display. The company has also expanded its manufacturing capabilities with a new facility in Poland and enhancements at its U.S. headquarters, solidifying its role as a key partner in BMW's digital cockpit solutions.

Garmin (NYSE: GRMN) has launched the Tacx NEO Bike Plus, an advanced indoor smart bike designed for a realistic riding experience. Set for release in January 2023 at a retail price of $3,999.99, the bike offers features such as accurate performance metrics, adjustable fit, and the ability to simulate outdoor conditions like gradients and surface textures. It integrates with the Tacx Training app for immersive workouts, allowing users to access structured training and pro rides. The bike accommodates multiple users with customizable settings.

Archer Aviation (NYSE: ACHR) has partnered with Garmin (NYSE: GRMN) to supply the G3000 integrated flight deck for its Midnight aircraft. This collaboration aims to streamline Archer's certification process by sourcing components already used in certified aircraft, which could lower development costs and timelines. Currently, Archer has selected over 64% of suppliers for Midnight’s materials, emphasizing its strategy to focus on key technologies while relying on established aviation leaders. This relationship is expected to enhance Archer's credibility and operational efficiency in the urban air mobility market.