Garmin 2011 Annual Report Download

Download and view the complete annual report

Please find the complete 2011 Garmin annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 20

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20

GARMIN ANNUAL REPORT
|
2 0 11

Table of contents

  • Page 1
    GARMIN ANNUAL REPORT | 2011

  • Page 2
    ...and Dr. Min Kao formed a company to carry out their vision to put GPS technology into the hands of consumers, pilots, mariners and industry professionals around the world. They believed GPS was going to change the face of navigation. They were right. Revenue growth in outdoor, fitness, aviation and...

  • Page 3
    ... inception, Garmin has delivered 98 mmllmon GPS-enabled devices - far more than any other navigation provider. 1 .5 MILES BILLION logged in Garmin Connect Leader in GPS-enabled fitness market, which we pioneered. 16 nearly mmllmon units sold this year 9,229 associates worldwide GARMIN OFFICES

  • Page 4
    ... all business functions. It allows Garmin to be less dependent on outside resources and retain more control of the quality, innovation, timing and cost of the products and services we provide. In summary, 2011 represents a turning point for our company and sets the stage for a return to growth. As...

  • Page 5
    ..., new product categories like the Vector power meter and the delivery of useful content through the online Garmin Connect community. Aviation: Growing our share in the Part 25 business jet and helicopter markets will be the primary focus of the aviation team in 2012, which sets the stage for growth...

  • Page 6

  • Page 7
    ... map and data storage, social media integration and pedestrian and transit routing; and NAVIGON turn-by-turn navigation. In early 2012, Garmin launched the Smartphone Link app for Android, which creates a seamless navigation experience between a customer's Garmin nüvi and smartphone. This app gives...

  • Page 8

  • Page 9
    ...a device. One of the ways Garmin builds loyalty is through the Garmin Connectâ„¢ website, where fitness customers upload, analyze, store and share their activities. More than 1.5 billion miles of activities have been logged by Garmin Connect users. Recent enhancements to the site give customers more...

  • Page 10

  • Page 11
    ... GPS and GLONASS satellites. GLONASS is a Tri-Tronics has a 40-year history of innovation and brings strong market knowledge, resources and industry relationships to the Garmin family. To answer the needs of hunters and pet owners, Garmin introduced a new model in the Astro® family of dog tracking...

  • Page 12

  • Page 13
    ... the GTN series its 2011 Flying Editors' Choice Award. These touchscreen panelmount units are successors to Garmin's popular GNS 430W and 530W, which have sold more than 100,000 units in their 13-year run. The new models offer more capabilities with larger displays and give pilots an intuitive, tap...

  • Page 14
    Photo retouch and screen to come.

  • Page 15
    ... that information with a dealer. Garmin also developed an online simulator that allows customers to "try before they buy" and to see the depth of Garmin chartplotter capabilities. The introduction of the GSD 26 black box sounder brought Garmin's trusted sonar technology to deepsea sport fishing...

  • Page 16
    ... unravel a theft ring We wanted to thank Garmin for making such a good product, the GTU 10 tracking device. We had purchased this device for our daughter. We had left it in our vehicle, which was broken into. They stole the device, not knowing what it was, and it ended up leading the police right to...

  • Page 17
    ... route home feature. The 665 is a very durable unit as the banging around it took would have lesser brands left for dead at the side of the road. I am still discovering features of the 665 that allow our trips to be even more exciting. Keep up the good work and kudos to Garmin for a superior product...

  • Page 18
    ...81 130.99 14.10 15.40 16.71 10 29 29 277 299 2011 This graph matches Garmin Ltd.'s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the NASDAQ Composite Index and the NASDAQ 100 Index. The graph assumes that the value of the investment in our common...

  • Page 19
    ... Kansas, 66062 united states of america Garmin (Europe) ltd. liberty House Hounsdown business Park southampton so40 9lr united Kingdom Garmin Corporation no. 68, Zhangshu 2nd road Xizhi Dist., new taipei City 221 taiwan, r.o.C. 1 2 Source: 2011 NPD, GfK and Garmin data. Garmin's navigation system...

  • Page 20
    Garmin Ltd. Mühlentalstrasse 2 8200 Schaffhausen Switzerland www.garmin.com © 2012 Garmin Ltd. All rights reserved. M00-60285-00 0412