GRMN 2014 Annual Report

 

Interesting

Kind of interesting to see that 57% of their revenue came from non-automotive sources for the year. I don't know if they sell more of the non-automotive GPS units or if they just generate higher profits.

They

They probably make more money selling a hundred aircraft GPS system than they do selling 10000, maybe 100000, Nuvi's.

--
Nuvi 350, 760, 1695LM, 3790LMT, 2460LMT, 3597LMTHD, DriveLuxe 50LMTHD, DriveSmart 61, Garmin Backup Camera 40 and TomTom XXL540s.

I would

think that the aircraft GPS would be more expensive. That has to be 100% correct and more input as opposed to car units. Sound right?

--
nuvi 1390 LT, nuvi 1450 LMT, Win 10

Aviation

I know Garmin is a very big name in aviation navigation equipment.

--
Garmin Drive Smart 61 NA LMT-S

Marine units are a big seller

Garmin marine units have been very popular for a long time, perhaps the biggest selling for smaller boats. Also, the charts (maps) cover a limited area so if you travel far, Garmin will make more money.

It's a market where phone based gps units would not provide much competition.