Wearables And Driving Assistants Among Garmin's Newly Unveiled Products
Garmin Ltd. (NASDAQ: GRMN) unveiled new products focusing on driver awareness and wearables at this year's CES show in Las Vegas, adding to its recently expanded product line.
Shares of Garmin have reached a high of $37.34 and fell to a low of $36.80 thus far into Tuesday's trading session.
Recent Products Launch
One of the newest additions to its product line is called Garmin Drive, a portable navigation devices (PNDs) designed to increase driver situational awareness.
Dan Bartel, Garmin vice president of worldwide sales commented, "There are many distractions that drivers encounter while running errands, driving to work or taking road trips. These new driver alerts can remove some of these burdens and help drivers stay aware on the road," according to Business Wire.
Another new product is the new $400 augmented reality headset now available for cycling addicts: the Varia Vision, an in-sight display that helps bicycle riders' road awareness by placing information right in their line of sight.
A new product unveiled at CES on Tuesday is the Garmin Connect Insights. Garmin Connect Insights are "smart wellness insights," which use data to help Garmin Connect users achieve their goals through personal recommendations and analysis.
Lastly, Garmin released three new fēnix® 3 Sapphire multisport watches. The multisport watches include a wrist heart rate monitor, more band choices and new activity profiles.
Garmin currently has a market cap of 7.00 billion.
The company's stock closed Monday's trading session at $38.40. Shares of Garmin are down year-over-year 27.74 percent and relatively flat for the last five trading days.
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