Garmin delays ‘Nuvifone’ Apple iPhone lookalike handset to 2009

“Garmin Ltd. said it would delay until next year the launch of its first device that combines a cellphone and GPS technology, and lowered its full-year outlook due to slower-than-expected growth in the GPS industry,” Shara Tibken reports for The Wall Street Journal.

MacDailyNews Take: Gee, you don’t say?

Tibken continues, “Garmin said its closely watched Nuvifone handset – which provides users with the ability to make calls, connect to the Web and navigate using GPS – won’t be available in the fourth quarter as expected. The company blamed carrier specific requirements taking longer than anticipated, and said it expects the launch the product during the first half of 2009.”

MacDailyNews Take: Yeah, riiight. iPhone, bitch!

Tibken continues, “Garmin shares fell about 14% in recent trading to $39.08 on the Nasdaq Stock Market. The stock hit a two-year low and is down 60% this year.”

MacDailyNews Take: Ooofha!

Full article here.

[Thanks to MacDailyNews Reader “KenC” for the heads up.]

MacDailyNews Take: Bloodbath.

22 Comments

  1. “Garmin said its closely watched Nuvifone handset … won’t be available in the fourth quarter as expected. The company blamed <strike>Apple for actually caring about the customer and so designing and copyrighting all the best, most user-friendly phone interface technologies</strike>carrier specific requirements taking longer than anticipated.”

  2. …”The company blamed carrier specific requirements taking longer than anticipated…”

    The carrier requirements were:

    1) it must offer telephone service via our cellular network

    …which was obviously a tough milestone for them to achieve. Bummer.

  3. I don’t think it’s a bloodbath caused by the iPhone.

    More like an engineering meltdown inside Garmin itself now that they see it is not really that easy to build a great phone (hardware AND software) and work with the telecos and make money.

    Of course, now that the entry price for the iPhone is $199, that doesn’t help much either, I would guess.

  4. The arm of Garmin related to telephony is puny and pales in comparison to their aviation and maritime interests.

    I’m certain that while competing in the phone space would be another revenue source, because god knows there’s plenty of room for competition, Garmin has bigger problems.

    Plane and boat manufacturing is down considerably and though GPS is novel in the consumer arena and they have done a pretty brisk business in recent years, this company will be fighting for its life in the next few years and a phone just doesn’t matter.

    We need this company to survive. It’s the leader in its field and right now its stock is in a bloodbath. Not good.

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