Garmin's GPS devices have reached a significant milestone.
The company announced today that it has now sold 100 million Garmin devices worldwide since its founding in 1989. The first Garmin device was sold in 1991, the company said, and took six years to reach its one-millionth sale. By 2007, it had sold 25 million devices. Now, just five years later, it has tripled that figure.
Based on the data provided by Garmin, sales are accelerating. In fact, Garmin acknowledged that much in a separate earnings release today, saying that it sold 2.7 million GPS units during the first … Read more