05.08.2010 19:05 Uhr, Quelle: Engadget

Garmin: revenue from phone segment in Q2 was 'below our plan'

Garmin's second-quarter results hit the wires this week, and overall, the company seems to be pretty healthy; its automotive, outdoor, aviation, and marine businesses all posted growth, average selling price was up, and shipped units grew a solid 8 percent year-over-year. If you read a little deeper, though, there's one segment that undelivered -- smartphones, a joint venture the company shares with ASUS -- which contributed $27 million in revenue in the last three months. $27 million in profit would be business as usual for a division of a company of Garmin's size, but $27 million in revenue is a drop in the bucket -- and sure enough, the earnings report goes

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