Strong demand for smartwatches helped drive a record year for Garmin in 2024, with the company witnessing “remarkable growth”, according to new financial statements.
Garmin recorded its best ever consolidated revenue of $6.3 billion (£5 billion) last year, a 20% increase on 2023’s results. After sales, administrative, and tax costs, this worked out to a net income of $1.4 billion (£1.1 billion).
