GPS maker Garmin has lowered its profit and revenue expectations for 2008 (PDF) along with weak second quarter results—causing its shares to take a significant dip in the stock market. But the company also announced announced it is delaying the launch of its nuvifone smartphone .
Garmin announced its nuvifone smartphone as a would-be challenger to Apple’s iPhone back in January; the unit is to feature a touch-based interface, 3.5G wireless connectivity, a streamlined interface, and Internet-assisted GPS features, and automatic photo geotagging. Garmin was sued by Nuvio over the nuvifone name shortly thereafter.
