GRMN - Garmin Ltd.
| Previous Close | 85.49 |
| Open | 85.78 |
| Bid | 84.96 x 800 |
| Ask | 86.10 x 800 |
| Day's Range | 84.60 - 85.91 |
| 52 Week Range | 59.98 - 89.72 |
| Volume | 1,089,146 |
| Avg. Volume | 1,159,573 |
| Market Cap | 16.164B |
| Beta (3Y Monthly) | 1.01 |
| PE Ratio (TTM) | 21.92 |
| EPS (TTM) | 3.88 |
| Earnings Date | Oct 29, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | 2.28 (2.67%) |
| Ex-Dividend Date | 2019-12-13 |
| 1y Target Est | 80.67 |
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The Trade War Spurs China’s Technology Innovators Into Overdrive
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.In Shenzhen’s glitzy financial district, a five-year-old outfit creates a 360-degree sports camera that goes on to win awards and draw comparisons to GoPro Inc. Elsewhere in the Pearl River Delta, a niche design house is competing with the world’s best headphone makers. And in the capital Beijing, a little-known startup becomes one of the biggest purveyors of smartwatches on the planet.Insta360, SIVGA and Huami join drone maker DJI Technology Co. among a wave of startups that are dismantling the decades-old image of China as a clone factory — and adding to Washington’s concerns about its fast-ascending international rival. Within the world’s No. 2 economy, Trump’s campaign to contain China’s rise is in fact spurring its burgeoning tech sector to accelerate design and invention.The threat they pose is one of unmatchable geography: by bringing design expertise and innovation to the place where devices are manufactured, these companies are able to develop products faster and more cheaply.“Ninety percent of the world’s headphones are produced in China, 90% of China’s headphones are produced in Guangdong, and 90% of Guangdong’s headphones are made in Dongguan,” explains SIVGA co-founder and product chief Zhou Jian, an 18-year audio industry veteran who has done work for global brands like Sennheiser Electronic GmbH & Co., Sony and Bose. His company is based in Dongguan because, he says, “Dongguan’s industrial chain is near perfect.” Zhou estimates there are hundreds of specialist factories in the area focusing on a particular component, such as screws, and his network of contacts among those suppliers has been invaluable. It was “support from these good friends” that got SIVGA, short for Sound Impression Via Genuine Artwork, off the ground.Now employing more than 30 people and offering a premium brand called Sendy Audio, SIVGA sells a luxury pair of $599 headphones called Aiva. Featuring handcrafted wooden ear cups and intricately detailed metal grilles, the Aiva have shipped more than 2,000 units into a niche, high-margin market that’s usually reserved for U.S. boutique outfits like Audeze and Campfire Audio. “As far as we know, we are the only company in Dongguan with a woodworking department,” Zhou says, while also pointing out that at SIVGA “the development time is short and many decisions can be made on the spot.” This instant design responsiveness is a signature feature of China’s new tech upstarts, and Zhou sums it up with an old Chinese proverb: “small boats change course easier than big boats.”DJI is the pioneer that proved Chinese tech companies could aspire to be more than just manufacturing contractors or fast copiers. “DJI leads the industry with features like automatically avoiding obstacles in flight, which it implemented first,” notes Techsponential lead analyst Avi Greengart. “Rivals in the U.S., France and Taiwan have not been able to catch up.” DJI’s lead is based on the same geographic synergies as SIVGA’s. When a U.S. rival suffers a manufacturing hitch or defect, its ability to identify and react to the problem is hampered by the distance between its designers and manufacturers. DJI doesn’t have that problem, which has helped propel it to being the top drone maker in the world.“These are Chinese companies that want to be industry leaders and innovators. DJI and Insta360 are perfect examples of that movement,” says Anshel Sag, mobile industry analyst for Moor Insights & Strategy. “A big part of it comes from the entrepreneurial spirit of Shenzhen.”Like Dongguan, which this year saw a large new Huawei Technologies Co. campus open, Shenzhen is a nexus of component makers and suppliers eager to find new customers for their wares. The cacophonous Huaqiangbei bazaar in the city exhibits a wild array of gadgets from smartphone-electric shaver hybrids to neon-lit unicycles with Bluetooth speakers. That commoditized fray offers inspiration but also an impetus to rise above it with genuine innovation. The successful companies are the ones who make the most of the rabid production and iteration around them.“In Shenzhen, there’s a well-established supply chain system,” says Insta360 founder Liu Jingkang. “From a research perspective, in-house R&D may only contribute 60% of a product, the rest needs to be finished in factories.” The CEO of OnePlus, another company based in the city, has expressed pride in its ability to prototype new devices at great speed because he’s just a 45-minute drive away from its assembly lines.Even without being Apple Inc., Chinese companies are now building world-class, premium products, though China’s signature feature of undercutting the established market remains. Whether or not a Chinese company is first to a technology, it makes sure to be first to a breakthrough price.Backed by Xiaomi Corp. in 2014, Huami is responsible for creating the massively popular Xiaomi Mi Band, which has flooded the China market at a $20 price. The Mi Band offers most of the features of a Fitbit fitness tracker — including step counting and heart-rate monitoring — at a fraction of the cost. After expanding to sales in the U.S. and launching its own Amazfit brand, Huami is now shipping in excess of 5 million devices per quarter, and its chief executive talks openly about “taking out” at least some of its larger rivals, including Apple and Samsung Electronics Co.“The operating models for Garmin and other European and U.S. smart device vendors are flawed. Their retail price is very high,” Huami CEO and founder Wang Huang says. “You will only be able to sell very expensive products to a very small group of customers because mainstream and lower-end markets will be eroded by companies like us.”Evidence for the Huami chief’s words abounds in the smartphone market, where the top group of manufacturers is increasingly dominated by Chinese names like Xiaomi, Oppo and Huawei. 2018 saw these brands make major inroads into the European market, relying on better pricing and faster feature introductions. Xiaomi “consistently produces budget flagship phones with first-to-market implementations,” says Techsponential’s Greengart. Along with SIVGA, Huami and Insta360, they’re following in the footsteps of companies like Lenovo Group Ltd., which was among China’s early breakout successes after buying IBM Corp.’s PC business in 2004. Their global ambitions and innovation pose a serious threat to the leadership of a plethora of U.S. tech products in areas from design to functionality, whether they be GoPro cameras, Apple iPhones or HP laptops.China’s rapidly rising tech creators are not without commercial savvy. Many of them are planning to seek capital on Shanghai’s new trading venue for startups, locally known as the Star board. Ninebot Inc., the Xiaomi-backed outfit that acquired Segway in 2015, aims to raise $300 million there. In unicorn territory, the Google-backed Mobvoi, which creates natural language translation algorithms for its Wear OS smartwatches, is also said to be seeking a high-value listing on the Star market.Royole, the startup that earned a measure of notoriety by beating Samsung to selling the world’s first foldable device in 2019, has managed to secure a deal with Louis Vuitton that will see the two companies putting flexible screens on handbags of the future. Like Huami initially leaning on the Xiaomi brand to build itself up, Royole stands a chance to be a luxury goods player with the help of a bigger company. The differences between California’s Silicon Valley startups, which have tended to do a better job of marketing and deal-making, and China’s new generation of homegrown businesses are gradually disappearing.How and Why the U.S. Says China Steals Technology: QuickTakeAmerican critics, such as President Donald Trump, commonly point to a track record of Chinese companies copying features from abroad, and one of their bits of evidence is the way Apple’s iPhone software and design seem to be habitually recreated by Huawei, Xiaomi and others. There’s not much that a Western company can do in such situations. When Segway filed a complaint against a number of Chinese brands for IP violations, it ended up conceding the fight and getting acquired by one of its defendants.The observable change now is that a new generation of innovative companies aren’t waiting for someone else to show them the blueprint. China’s rapid ascent in innovation goes beyond anecdotal evidence from startups like DJI and Huami, and the country’s corporations now rank among the world’s most prolific patent applicants.“The trend of China moving to high-end manufacturing, research and design is unstoppable,” said Jia Mo, a Shanghai-based analyst with consultancy Canalys.To contact the reporters on this story: Vlad Savov in Tokyo at vsavov5@bloomberg.net;Gao Yuan in Beijing at ygao199@bloomberg.net;Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Vlad Savov, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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Trimble Strengthens Forestry Division With 3LOG Acquisition
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- Business Wire
Garmin® unveils the all-new GPSMAP® 86 marine handheld series with global communication, BlueChart® g3 and chartplotter connectivity
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced the all-new GPSMAP 86 handheld series, a feature-packed addition to its popular marine handheld collection. Combining Garmin’s premium GPS navigation with inReach® satellite communication technology1, the flagship GPSMAP 86sci is the first handheld to come preloaded with Garmin BlueChart g3 coastal cartography with integrated Navionics data. For added awareness and convenience, the GPSMAP 86 series can connect to onboard Garmin chartplotters and instruments to stream real-time boat data, including depth, heading, sea temperature and more, directly to the handheld.
- PR Newswire
SiriusXM Marine Launches Fish Mapping™ Service - Now Available on Garmin® GXM™ 54 Satellite Weather and Radio Receiver
NEW YORK, Sept. 9, 2019 /PRNewswire/ -- SiriusXM today announced the launch of its new Fish Mapping™ service. This new, comprehensive SiriusXM Marine package – designed to help saltwater anglers locate fish faster, as well as save time and fuel – is now available on the GXM 54 satellite weather and radio receiver from Garmin International, Inc. SiriusXM Marine's new Fish Mapping™ service is powered by Maxar Technologies, an innovator in Earth Intelligence and Space Infrastructure.
- Simply Wall St.
Read This Before Considering Garmin Ltd. (NASDAQ:GRMN) For Its Upcoming 0.7% Dividend
Garmin Ltd. (NASDAQ:GRMN) stock is about to trade ex-dividend in 4 days time. You will need to purchase shares before...
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Garmin 'leverages power of Disney' for new Captain America, Captain Marvel watches
Garmin's Legacy Hero Series feature's two GPS smartwatches inspired by Captain Marvel and Captain America: The First Avenger.
- Business Wire
Garmin® G1000H NXi-equipped Bell 407GXi helicopter achieves IFR certification.
OLATHE, Kan.-- -- Garmin International, Inc., a unit of Garmin Ltd. , today announced the G1000H ® NXi integrated flight deck has received Instrument Flight Rules certification. Bell recently achieved this certification in the 407GXi, which gives pilots the flexibility of operating in degraded weather conditions with valuable situational awareness tools and advanced capabilities in a next generation ...
- Business Wire
Garmin® introduces the Venu GPS smartwatch with stunning AMOLED display.
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced VenuTM – a new GPS smartwatch with a vibrant AMOLED screen and the broadest available range of 24/7 health monitoring features in the market. The Venu is one of many new wearables launched by Garmin at IFA in Berlin, Germany, September 6-11, and will be on display at the Garmin stand in Hall 4.2, Booth 232. “We’re thrilled to announce Garmin’s first smartwatch with an AMOLED display,” said Dan Bartel, Garmin vice president of global consumer sales.
- Business Wire
Garmin introduces the Legacy Hero Series, a collection of Marvel-themed special edition smartwatches and app experiences.
Garmin® International, Inc., a unit of Garmin Ltd. (GRMN), today announced the Legacy Hero Series, a collection of two special edition GPS smartwatches inspired by Captain Marvel and Captain America: The First Avenger. From engraved slogans to bezels adorned with character insignias, each design element pays tribute to these favorite Marvel characters and encourages fans to “Find Their Power.” Check out the feature benefit video here. The Legacy Hero Series is among many new wearables launched by Garmin at IFA in Berlin, Germany, September 6-11, and will be on display at the Garmin stand in Hall 4.2, Booth 232.
- Business Wire
Introducing Garmin® vívoactive® 4 and 4S GPS smartwatches with enhanced health monitoring and new animated on-screen workouts.
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced the vívoactive 4 and 4S GPS smartwatches with the broadest available range of 24/7 health monitoring features in the market. With an always-on screen available in two sizes (40mm and 45mm), a multitude of color options and metal finishes, and a battery life of up to 8 days in smartwatch mode, the vívoactive 4 series is styled and featured for life on the go. The vívoactive 4 is one of many new wearables launched by Garmin at IFA in Berlin, Germany, September 6-11, and will be on display at the Garmin stand in Hall 4.2, Booth 232.
- Business Wire
Garmin® introduces the latest vívomove® series with new advanced wellness features, connected GPS and Garmin Pay.
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced the next generation of the vívomove series, the latest collection of hybrid smartwatches. The vívomove series is among many new wearables launched by Garmin at IFA in Berlin, Germany, September 6-11, and will be on display at the Garmin stand in Hall 4.2, Booth 232. “The vívomove watches are designed for those who want the connected and health features of a smartwatch with a more fashion-forward look better suited for the office or dressing up,” said Susan Lyman, Garmin vice president of global consumer marketing.
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Garmin Unveils NEO 2T Smart to Sustain Fitness Momentum
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Garmin® confirms September 30 dividend payment
The Garmin Ltd. board of directors has established September 30, 2019 as the payment date for the next dividend installment of $0.57 per share with a record date of September 16, 2019.
- Bloomberg
Garmin’s Edge in the Wearables Fight With Apple? Fighter Jets
(Bloomberg) -- If you want to stay ahead of Apple Inc. and its wearable accessories, you’ve got to sell to everyone from anglers to military pilots.That’s the message from the chief executive officer of GPS and fitness accessory maker Garmin Ltd., whose shares have soared more than 25% since January, while rival Fitbit Inc.’s shares have tumbled to record depths.“The products that win are those that can differentiate themselves from the masses,” Clifton A. Pemble said in an interview. Garmin’s wearables, which range from around $70 to as much as $1,500 in price, are geared to helping athletes monitor activity and health.Schaffhausen, Switzerland-based Garmin has been selling wearable activity trackers since 2003, and they’ve never needed to be paired with a specific model of phone to function. Watches like the Garmin Forerunner help an athlete determine if they’re overtraining or undertraining, monitor running gait and sleep patterns at night, as well as play music and display messages.Products like the Apple Watch, on the other hand, were originally marketed as mass-market luxury accessories that exclusively require an iPhone to be useful.This is changing, however. While fitness features were always an important aspect of the Apple Watch, the company’s become more bullish about its wearable as a standalone health tool. The latest model can already perform mobile electrocardiography and detect potential heart conditions, and in June Apple said it would soon get its own app store and that many more apps would work without an iPhone nearby.But despite this growing competition, Garmin boosted its full-year guidance in July, saying it now expects around $3.6 billion in revenue, up from $3.5 billion in February, and its fitness and outdoor units are still expected to grow 13% and 10% respectively.Its CEO has pegged the success of its wearables on incorporating features overlooked by other manufacturers, while one analyst says the company’s expertise in other areas -- such as flight displays and touchscreen monitors for military fighter jets -- bolsters the capabilities of its other gadgets.“The company that’s making that type of technology is putting GPS technology on your wrist,” said Ivan Feinseth, chief investment officer at Tigress Financial Partners.Winning the wearables market could prove lucrative as it’s slated to reach global shipments of 222.9 million units in 2019. That will grow to 302.3 million units in 2023, according to a forecast published in June from the International Data Corporation’s Worldwide Quarterly Wearable Device Tracker.(Updates with revenue growth breakdowns in 7th paragraph.)To contact the reporter on this story: Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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Vishay Expands Passive Component Offerings With New Resistors
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Tech Taking Personal Healthcare by Storm: Stocks in Focus
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- Business Wire
Garmin® announces the fēnix® 6 series
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced the fēnix 6 series, the next generation of its flagship GPS multisport smartwatch lineup. Made for the face of adventure, the fēnix 6 collection includes Power Manager for longer battery life, allows runners to compensate for elevation changes with new PacePro™ technology and introduces the largest round display from Garmin. “We are thrilled to introduce solar charging into the new fēnix 6X Pro Solar edition, giving users all of the features they’ve come to expect from the fēnix lineup with increased battery life and larger displays,” said Dan Bartel, Garmin vice president of global consumer sales.
- Business Wire
Garmin® introduces the Panoptix LiveScope Ice Fishing Bundle, a hard water solution with revolutionary sonar capabilities
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced its first chartplotter and transducer bundle with award-winning Panoptix LiveScope™ sonar designed specifically for ice fishing. Panoptix LiveScope is the first and only live scanning sonar for recreational fishing, and anglers can now benefit from seeing fish and structure in real-time, up to 200 feet in any direction, below the ice. Equipped with everything needed for hard water fishing, the Panoptix LiveScope Ice Fishing Bundle includes a large ECHOMAP™ Plus 93sv keyed-assist chartplotter, the Panoptix LiveScope System with forward- and down-scanning modes, a swivel pole mount, and so much more – all in a convenient, glove-friendly portable carrying case.
