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Garmin Nuvifone delayed

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The GPS device provider Garmin today announced its second quarter results. Unfortunately, they missed the Wall Street estimates and consequently, their stock is down today. In addition, to the disappointing earnings, they also delayed the launch of the eagerly-awaited Nuvifone device. According to Garmin,

“While we had hoped to have carrier launches in the fourth quarter, we have found that meeting some of the carrier-specific requirements will take longer than anticipated. We remain pleased with carrier interest in the device and are working toward making necessary design changes to meet their requirements.”

The company had originally planned to launch the phone by Q4 of this year. However, due to the delays, the device will now launch sometime in 1st half of 2009.

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Written by dvdand

July 30, 2008 at 11:00 am

Posted in Financials, Garmin, Handsets

Tagged with , ,

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