Garmin Down, TomTom May be Up on iPhone
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.
by Adena Schutzberg on 06/11 at 07:49 AM |
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