Zombie apocalypse: Supposedly dead Garmin outperforms leading smartphone vendors

[Wireless News]

Apple posted a 20% profit decline.in its spring quarter. Personal navigation device (PND) vendor Garmin just.delivered a comparatively mild.7% earnings decline. If anyone had forecast this outcome two years ago, he would have been branded as a lunatic. Or possibly a dark prophet of apocalypse: “And when he had opened the.third seal, I heard the.third beast say, Come and see; And I beheld, and lo a PND vendor that was supposed to be dead outperformed the most profitable smartphone vendor in history in annualized profit trend comparison.” So Garmin’s share price went up 7% on its spring earnings report. Over the past three months, Garmin’s shares have moved up by more than 15%, outpacing Apple with sinuous ease. Both BlackBerry

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