“Barclays Capital issued a note to clients late Tuesday following Asustek’s confirmation yesterday, that its co-branded smartphone partnership with Garmin was officially over,” Chip Brian reports for Comtex News Network.
“BarCap analyst Amir Rozwadowski, ‘This morning Asustek and Garmin officially announced the end of their co-branded handset partnership. Given recent reports, the announcement is unlikely to surprise investors. The partnership is not fully dissolved, however, as both companies will 1) continue to support existing devices and 2) Garmin will embed its application in some of Asustek’s upcoming smartphones,'” Brian reports.
Brian reports, “Rozwadowski went onto to say, ‘Garmin also indicated that it plans to pursue mobile applications…'”
Read more in the full article here.
MacDailyNews Take: AOBTD.
[Thanks to MacDailyNews Reader “Paul D.” for the heads up.]