Android Arena » TomTom http://www.androidarena.com Android OS news blog Mon, 22 Aug 2011 10:44:02 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 GPS stocks fall after Google Maps Navigation for Android announced http://www.androidarena.com/2009/10/28/gps-stocks-fall-after-google-maps-navigation-for-android-announced/ http://www.androidarena.com/2009/10/28/gps-stocks-fall-after-google-maps-navigation-for-android-announced/#comments Thu, 29 Oct 2009 05:06:22 +0000 Brian Hart http://www.androidarena.com/?p=1530 Screen shot 2009-10-28 at 10.42.42 PMStock performance today for Garmin and TomTom looked like a cliff following Google’s announcement of Google Maps Navigation for Android. It may have everything something to do with the fact that Google Maps Navigation will be included for FREE on Android handsets running 2.0.

The new Motorola DROID will have turn-by-turn directions provided by Google Maps, and other Android phones will receive it with the 2.0 upgrade. As a result of Google’s announcement, Garmin stock fell 17.2% and TomTom shares plummeted more than 20% respectively. It will be interesting to see how Garmin and TomTom respond.

source: Talk Android

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