GPS Business News is reporting that Mio is leaving the U.S. market. If true it is undoubtedly related to parent company MiTAC’s acquisition of Magellan, though it does contradict an earlier announcement that the Mio and Magellan brands would co-exist here.
The state of the economy probably has a lot to do with this decision, although it reinforces my perspective that MiTAC is a rudderless ship, which doesn’t really bode well for Magellan.
This, combined with TomTom’s ongoing financial troubles and de-emphasis on PNDs, leaves me concerned that Garmin will achieve near monopoly dominance of the U.S. market. And that lack of competition isn’t good for consumers, and in the end, it won’t be good for Garmin either.