Its official: Garmin exits smartphone business

Parting is such sweet sorrow for some, but Garmin might have found it to be more of a relief than anything else. We did hear rumblings of Garmin and Asus’ partnership coming to an end next year from last month, and while Asus has already come out to confirm their split, Garmin has maintained a dignified silence – until now. Garmin officially made it known in their Q3 2010 earnings that it is “winding down” its smartphone endeavor, which should do its part in helping the company stem the bleeding of dough in an unprofitable joint venture. Do you think this was a smart move, considering how standalone GPS navigation devices aren’t that hot anymore with smartphones boasting convergence capabilities to die for?

This article was filed in Homepage > Cellphones and was tagged with Garmin, GPS and Smartphone.
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