Garmin revenue increases in marine

Marine Fabricator | January 2010

Even though navigation device maker Garmin’s overall revenue was down in the third quarter, its marine segment posted revenue growth of three percent. Its outdoor and fitness segment also increased, while its auto and aviation segments decreased.

Garmin also recently formed a new OEM relationship with Regal Boats, which will place Garmin electronics as standard features in more than two dozen 2010 Regal models.

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