That was fast. The surging market for GPS devices has hit a wall, with a Crutchfield executive telling Twice Magazine that he expects sales in units and dollars to be flat this year. That's after 400 percent growth in the last quarter of 2007, which is when we featured GPS as a holiday item.
Device makers are quickly leaving the market, which is crowded at the low end. It's not hard these days to find a decent navigator for less than $100. Combined with a slow economy, the flooded market forced pioneer Magellan to sell its consumer products to the maker of the inexpensive Mio devices. Others abandoning U.S. consumer lines include Panasonic, Harmon/Kardon, Audiovox, Dash Navigation, JVC and Cobra.
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of 5:42PM December 17, 2008