Google launch FREE sat nav for mobiles!

[amir_j]

Shares in sat-nav device companies have fallen substantially after Google unveiled its free live sat-nav for mobiles on Wednesday.

US firm Garmin fell 18% after details of Google Maps Navigation were revealed. Dutch firm TomTom fell 9.5% when markets closed on Thursday.



http://news.bbc.co.uk/1/hi/business/8331824.stm


TomTom's share decline wipes out all of its gains since August. Separately the company warned of lower prices in the coming months.

Edited by amir_j on Thursday 29th October 22:57

[amir_j]

Android 2.0 so will have to wait a few months :-(

[mmm-five]

And you'll have to move to the US.

Seems a bit of an expensive course of action to get 'free' sat-nav, when a cheap TomTom is £100 with no data charges.