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Wednesday, June 11. 2008

Garmin Down, TomTom May be Up on iPhone

Navigation

From The Street:

GPS-based navigation devices maker Garmin(GRMN - Cramer's Take - Stockpickr) fell $2.85, or 5.8%, to $46.74 after Apple showed off location-based services including navigation on the iPhone. Apple's move could hurt demand for Garmin's devices, believe some analysts. Meanwhile, Garmin rival TomTom already has a version of its navigation software running on the iPhone, according to a report by Reuters.

Posted by Adena Schutzberg in Navigation at 07:49 | Comment (1) | Trackbacks (0) | Bookmark and Share

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This may be a bit shortsighted based on restrictions on the use of GPS in the iPhone SDK noted in Ogle Earth.
http://www.ogleearth.com/2008/06/iphone_sdk_rest.html
#1 Adena Schutzberg (Link) on 2008-06-11 18:23 (Reply)

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