![]() ![]() Its products were sold in 100 countries and carried by 2,500 independent distributors. ![]() īy 2000 Garmin had sold three million GPS devices, and was producing 50 different models. Garmin reported a 2006 total revenue of $1.77 billion, up 73% from $1.03 billion in 2005. By 1999, sales had reached $233 million and a profit of $64 million. īy 1995, Garmin's sales had reached $105 million, and it had achieved a profit of $23 million. The company was later renamed "Garmin", a portmanteau of its two founders, Gary Burrell and Min H. ![]() ProNav's first product was a GPS unit which sold for US$2,500. They founded Garmin in 1989 in Lenexa, Kansas, as "ProNav". Kao from the defense contractor Magnavox while working for the former King Radio.
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