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Wednesday, November 5. 2008

GPS Market Value Drops 21%

The value of the worldwide market for car navigation devices fell 21 percent in the third quarter per research firm Canalys. Much of the drop can be attributed to lower prices, but encroachment of handsets helped, too. The firm also puts Garmin back atop the marketshare heap at 35%; TomTom in #2 with 29%.

- Reuters

Posted by Adena Schutzberg in Satellite Navigation at 19:51 | Comments (0) | Trackbacks (0)

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