Month: February 2014
Microsoft and Samsung are also reported to be possible buyers of the company, which the report said could be purchased for “sub-hundred million.” Basis and Microsoft declined to comment on the report. CNET has also contacted the other companies for comment and will update this report when we learn more. Related stories Apple patents headphones that can monitor your vital stats The company’s $199 wrist-worn tracker — while roughly $75 to $100 more than competitors like the Fitbit Flex and Nike FuelBand — stands out in the crowded and hotly contested space. It contains a consistent heart-rate monitor built into the back of the band, a workout intensity monitor that tracks perspiration, and a skin temperature reader that helps flesh out data on how hard you exert yourself throughout the day. That’s all on top of the standard sleep and step-tracking functionality built into the watch-like device.
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Aviation, fitness sales drive Garmin profit; shares jump
STRONG BEAT Garmin said on Wednesday it expects a profit of $2.50-$2.60 per share on revenue of p90X3 workouts $2.6-$2.7 billion for 2014. Analysts on average were expecting a profit of $2.56 per share on revenue of $2.58 billion, according to Thomson Reuters I/B/E/S. Net income rose to $163.6 million, or 83 cents per share, in the fourth quarter, from $129.3 million, or 66 cents per share, a year earlier. Excluding items, earnings were 76 cents per share, beating the average analyst estimate of 62 cents. Total sales fell 1 percent to $759.7 million, beating average estimate of $712.8 million.
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