TomTom’s new iPhone app is similar in many ways to the company’s personal navigation devices, but the software’s lack of multitasking ability and smaller screen size are a few ways in which it’s different, says Tom Murray, its vice president of marketing development.
TomTom’s new app for Apple’s iPhone is getting attention for its high price tag of $99.99 but is garnering a positive first impression in the gadget blogosphere.
The app offers many of the features offered in its standalone GPS devices, including navigation help, trip-planning tools and multi-language support.
More risk remains for Garmin (GRMN) and TomTom, the two leading providers of personal navigation devices. That’s the conclusion of Pablo Perez-Fernandez, an analyst at Global Crown Capital, in San Francisco. Perez-Fernandez picked up coverage of both companies this morning with an Underweight rating, asserting that both stocks could drop 20 percent or more over the next six months.
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