Here's Why Garmin Is Set Up to Prosper After the Coronavirus Crisis
While many sectors have been hit hard by impacts from the COVID-19 pandemic, some companies have recently been reporting a strong rebound in demand. Outdoor recreation equipment suppliers have seen increasing demand as people can stay socially distant on vacation with recreational vehicles (RVs), boats, and off-road vehicles.
Outdoor enthusiasts have long been turning to Garmin (NASDAQ: GRMN) for high-tech GPS devices used in running, hiking, boating, and flying, among other activities. Growth in those areas has been strong for years for Garmin, and a surge in new users may lead to an even longer runway.
Image source: Getty Images.
Source Fool.com
