- New ETFs
- Bond ETFs
- Currency ETFs
- Emerging Market ETFs
- Commodity ETFs
- Broad U.S. Equity ETFs
- Sector ETFs
- Specialty ETFs
Google’s (GOOG) Maps Navigation May Hit GPS Handset Makers
Recent Articles by Ed Liston
- New Deal Will Allow Washington Mutual, Inc. To Resolve Bankruptcy (JPM)
- Apple (AAPL) Awards Cook With $22 Million Bonus
- Toyota Sued By Orange County (TM)
- Bank of America (BAC) Adds 8,000 New Customers Under Mortgage Modifications Program
- Schwab (SCHW) Shares Fall On Weak Forecast
Company News
- New Deal Will Allow Washington Mutual, Inc. To Resolve Bankruptcy (JPM)
- Medtronic (MDT) Gets FDA Approval For Epilepsy Treatment
- Apple (AAPL) Awards Cook With $22 Million Bonus
- AIG’s Taiwan Deal Shows No Signs Of Completion (AIG)
- Centerline Holding Enters Into An Agreement With Farkas (C, BAC, MS)
Markets
- New Deal Will Allow Washington Mutual, Inc. To Resolve Bankruptcy (JPM)
- Medtronic (MDT) Gets FDA Approval For Epilepsy Treatment
- Apple (AAPL) Awards Cook With $22 Million Bonus
- Centerline Holding Enters Into An Agreement With Farkas (C, BAC, MS)
- Dolby Laboratories (DLB) Takes On 3D
Offerings
Posted on 11/06/09 at 9:20am by Ed Liston
With Google Inc. (NASDAQ: GOOG) having introduced Google Maps Navigation for Android 2.0, this may hurt GPS Personal Navigation Device (PND) sellers like Garmin Ltd. (NASDAQ: GRMN) and TomTom NV (AMS: TOM2). Equally affected may be other handset producers.
Once Google starts expanding the Google Maps Navigation offerings to outside US, then, sales of Nokia Corporation’s (NYSE: NOK) GPS enabled handsets may also take a knock. Industry analysts feel that this will pull down the prices of entry level PNDs. This could happen as early as the 4th quarter of the current year. The prices for entry level models could be $69. Garmin, the world’s largest PND vendor, is ready with entry level PNDs that are priced between $99 - $119. These could be available by the end of this month.
Bookmark/Search this post with:
Related Articles
Today's Trading Ideas
Featured Articles
Related News from the Stock Market
- Garmin (GRMN) Faces Stiff Competition From Google (GOOG)
- Smartphone Battle to Intensify; More Product Announcements in the Coming Weeks
- Garmin Faces Competition from Google, Apple And Nokia (GRMN, GOOG, AAPL, NOK)
- Microsoft (MSFT) Announces Revamp Of Windows Phone
- Intel (INTC) And Nokia (NOK) Take On Google (GOOG)
There are 0 comments
Please note that comments may take up to one hour before they get published on the site. Please check back later to see your comments.
Post new comment
Receive Benzinga's Best 2010 Stock Idea!
