Re:Amazon buys PillPack, an online pharmacy, for just under $1B
by pm90 on Thursday June 28, 2018 @02:03PM
(#17419124)
Wow those are staggering numbers! Props to Garmin for surviving a 60% reduction in revenue... I would've expected the company to just fold after that kind of loss.
Re:Amazon buys PillPack, an online pharmacy, for just under $1B
by jedberg on Thursday June 28, 2018 @02:35PM
(#17419353)
And most of that revenue surprises me. My car has a Garmin system built in (Honda). I never use it. I just connect my smartphone with CarPlay and use Waze (which will be even easier in September when it will show on the main touchscreen).
So in my case, I paid money to Honda who in turn paid it to Garmin for something I'll never use, just so they can say it "comes with Navigation".
I wonder how long that will last before no one cares if a car comes with navigation.
I've already seen high end cars being sold without navigation, and just marketed as "smartphone ready". I suspect in a few years either all the cars will be sold that way, or they will all be self driving and get their navigation elsewhere.
Re:Amazon buys PillPack, an online pharmacy, for just under $1B
by dsfyu404ed on Thursday June 28, 2018 @02:51PM
(#17419472)
You won't see that until "smartphone ready" means a box truck can tell your phone it's 12ft tall and to please not send it down any roads with under-height structures less than that.
Automakers want to control the quality of the user experience. They can do that better by partnering with a company that specializes in that sort of thing.
Garmin's automotive segment revenue has dropped from $2.5-billion in 2008, to $700-million in 2017. [1]
They've been able to largely make up for it with revenue from other sources, [2] (mostly outdoor/fitness) [3], but I'm sure that shift and innovation was driven by the event you mentioned.
[1]https://www.statista.com/statistics/217901/net-sales-in-the-...
[2]https://www.statista.com/statistics/217907/net-sales-of-garm...
[3] https://www.statista.com/statistics/217905/revenue-distribut...