Did Garmin just hint at higher prices next year? Behind the scenes, its CEO says pricing is 'one of the things we…
- Garmin's CEO Cliff Pemble mentioned the components crisis during Garmin's quarterly earnings call with investors
- Garmin had a cache of components and memory bought cheaply before the crisis hit, but now it's buying memory at "significantly higher" prices
- Pemble said pricing is "one of the things [Garmin] can look at", referring to increasing device costs
If you want to pick up the best Garmin watch, you'd be wise to do it soon, because the company's CEO Cliff Pemble has revealed that pricing changes aren't off the table due to the rising costs of electronic components.
During the company's quarterly earnings call, in which Garmin's C-suite speaks to its investors, CEO Cliff Pemble said that while the company is having a good year, he sees some headwinds in its near future.
The RAM crisis is a shortage of memory, as most of the available stock is being bought up...
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