With Apple Threatening, Is It Time to Sell Garmin?

Garmin (NYSE: GRMN) stock has had a rough 2022 already, and shares caught additional pressure recently thanks to news out of Apple (NASDAQ: AAPL). The consumer tech giant already competes against some of Garmin's popular smartwatch devices, but that competition is hitting a new level. Apple announced a new addition to its smartwatch lineup that's aimed at sports enthusiasts and includes many of the navigation features that have been a staple of Garmin products, like its tactix adventure watch.