AT&T (T) announced the launch date of Garmin Ltd.'s (GRMN) long-awaited GPS smartphone yesterday.
The second-largest US carrier will be the exclusive distributor of the device (called “nuvifone G60") in the US starting Oct 4, 2009. This will end a more than year-and-a-half delay in the device's US market launch, and also marks Garmin's first foray into the US smartphone market.
The touch-screen based nuvifone G60 will be sold at AT&T's stores and online for $299, after a $100 rebate and with a two-year service contract. While access to GPS service will be free, customers can enjoy premium value-added services, including real-time traffic updates, weather, movies and local events for a monthly payment of $5.99.
The nuvifone G60, which is positioned as a high-end phone, is distinct from other competing smartphones with GPS technology as it is equipped with full capabilities of a satellite navigator. In addition to its extended local
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