Seeking Alpha

user 2lakes » Comments » TMOAF.PK

  • Attention Shoppers: Garmin Now 21% Off [View article]
    Ryan

    Yes, GPS probably will be in every car, just like they said sirius would be, that is how the car companies make profit.

    But, the average driver probably will not use it enough to make it pay. Most people go to the same places over and over. The average person seldom travels further than 25 miles from home except when traveling. I make my living driving so maybe my mind is sharper when it comes to finding my way around my corner of the world.

    As far as a GPS in every car, think what the car companies will negotiate for pricing from the GPS manufacturers. When auto/truck/boat makers are installing GPS units in all cars/trucks/boats then the high margins GRMN has been making from individuals will disappear. Who going to need to buy their own GPS? Opps! there goes the big profit. That is probably the reason GRMN is trying to get into the phone business. They may see the fly of lower margins on the wall.

    Just my opinion but GRMN is a long term short in my book.











    Jul 31 16:37 pm |Rating: 0 0 |Link to Comment
  • Attention Shoppers: Garmin Now 21% Off [View article]
    Yawn ! Sounds just like the drivel a few years back about satellite radio and we know how that is a dying fad. GPS is just another gadget for people who slept thru school and missed how to navigate around their world. They're unneccessary unless you're on a large body of water or out in the wide open spaces.

    Disclosure: Yes I own one, got it for Christmas one year from my daughter. Kept it because I didn't want to hurt her feelings. Used it 3 times. Duh, what a waste of money!
    Jul 31 12:48 pm |Rating: 0 0 |Link to Comment
More on TMOAF.PK by user 2lakes
Comments by Ticker
user 2lakes'
Comments Stats
29 comments
Rating: 8 (8 - 0 )