Watches proved to be a buoyant category for technology company Garmin, as it delivered its fourth quarter results.
While total revenues were down 16% year on year, revenue from Garmin’s fitness business, which includes GPS-enabled watches designed to count calories and monitor heart rates, was up 10% to US$104 million (£67.9m).
The company also revealed that it is working on a watch for the marine industry, which Garmin chief executive Cliff Pemble said was part of investment in the marine sector, something he believes will lead the company to growth in 2013.
