DigiTimes: Sequential improvements in revenues in the second quarter of 2009 recorded by the word’s top-two vendors, Garmin and TomTom, signal that the global PND market has recovered from the recent business slump, according to industry sources in Taiwan.
Garmin has reported a 53% sequential revenue growth, to US$669 million, for the second quarter, while TomTom has said its second-quarter revenues soared 73% sequentially to 368 million euro (US$518 million).
Taiwan-based PND vendor Mitac International has also experienced increasing shipments to North America, Europe and Australia recently, the sources noted. Mitac is expected to ship two million GPS PNDs during the third quarter of 2009, roughly doubling the total shipment volume for the first half of the year, the sources estimated.
Overall, Mitac aims to ship five million PNDs this year, the sources noted.
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