Log in
Register
Menu
Log in
Register
Home
What's new
Latest activity
Authors
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Miscellaneous Sections
Tech Head - The Technology Section
Tech News feeds.
TomTom profits fall by 83 per cent
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="The Feedster" data-source="post: 511605" data-attributes="member: 259515"><p>When TomTom announced an <a href="http://www.reuters.com/article/companyNews/idUSL2361839220080423" target="_blank">83 per cent fall in earnings</a> during its Q1 2008 results last week, it wasn’t long before some analysts began to predict the imminent death of the dedicated satnav market as we know it.</p><p>Some naysayers have even predicted that stick-in satnav devices are headed for the same gadget graveyard as the humble pocket calculator, to ultimately end up as little more than "<a href="http://news.yahoo.com/s/ap/20080425/ap_on_hi_te/gps_challenge" target="_blank">low-margin commodity products</a>".</p><p>If that is the case then what exactly has gone so very wrong for the market? After all, last year the industry enjoyed a 300 per cent year-on-year increase in sales from 11.9 million sales in 2006 to 33.9 million by the end of 2007.</p><p><strong>GPS phones</strong></p><p>One factor which routinely crops up is the rising popularity of GPS-enabled mobile phones. Gartner research estimates that by 2010 sales of GPS phones will hit 500 million compared to 90 million dedicated satnav devices.</p><p>Of course, given that the vast majority of mobile phones employ smaller screens and are generally trickier to operate than their dedicated stick-in cousins, it could well be argued that navigation by mobile phone will prove to be of more benefit to those travelling by foot rather than fast-moving vehicle, especially in urban areas. *</p><p>Indeed, as the Guardian’s <a href="http://blogs.guardian.co.uk/technology/2008/04/27/has_the_tide_turned_for_gps_makers.html" target="_blank">Jack Schofield</a> points out the real threat for TomTom, Garmin and all the other major satnav players will be when car manufacturers decide to install built-in satnav screens in their vehicles.</p><p>When that happens, it’ll be interesting to see whether the car companies turn to the satnav companies to supply product and how far the satnav companies will be prepared to cut prices in order to win large-volume contracts.</p><p></p><p></p><p><a href="http://www.techradar.com/news/portable-devices/tomtom-profits-fall-by-83-per-cent-331399" target="_blank">More...</a></p></blockquote><p></p>
[QUOTE="The Feedster, post: 511605, member: 259515"] When TomTom announced an [URL="http://www.reuters.com/article/companyNews/idUSL2361839220080423"]83 per cent fall in earnings[/URL] during its Q1 2008 results last week, it wasn’t long before some analysts began to predict the imminent death of the dedicated satnav market as we know it. Some naysayers have even predicted that stick-in satnav devices are headed for the same gadget graveyard as the humble pocket calculator, to ultimately end up as little more than "[URL="http://news.yahoo.com/s/ap/20080425/ap_on_hi_te/gps_challenge"]low-margin commodity products[/URL]". If that is the case then what exactly has gone so very wrong for the market? After all, last year the industry enjoyed a 300 per cent year-on-year increase in sales from 11.9 million sales in 2006 to 33.9 million by the end of 2007. [B]GPS phones[/B] One factor which routinely crops up is the rising popularity of GPS-enabled mobile phones. Gartner research estimates that by 2010 sales of GPS phones will hit 500 million compared to 90 million dedicated satnav devices. Of course, given that the vast majority of mobile phones employ smaller screens and are generally trickier to operate than their dedicated stick-in cousins, it could well be argued that navigation by mobile phone will prove to be of more benefit to those travelling by foot rather than fast-moving vehicle, especially in urban areas. * Indeed, as the Guardian’s [URL="http://blogs.guardian.co.uk/technology/2008/04/27/has_the_tide_turned_for_gps_makers.html"]Jack Schofield[/URL] points out the real threat for TomTom, Garmin and all the other major satnav players will be when car manufacturers decide to install built-in satnav screens in their vehicles. When that happens, it’ll be interesting to see whether the car companies turn to the satnav companies to supply product and how far the satnav companies will be prepared to cut prices in order to win large-volume contracts. [url=http://www.techradar.com/news/portable-devices/tomtom-profits-fall-by-83-per-cent-331399]More...[/url] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Miscellaneous Sections
Tech Head - The Technology Section
Tech News feeds.
TomTom profits fall by 83 per cent
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top