TomTom shares rise as speculation mounts Apple might make a move
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9 Comments
1. Insignificant posted on 12 Dec 2012, 09:50 4 0
I think iOS maps are good enough. Neither do Apple.
No big threat to Google Maps or Nokia Maps yet. And thanks to Mobiles, TomTom would probably die in a few years so...
3. darkkjedii posted on 12 Dec 2012, 10:15 2 4
Needless comment dude. Y must it b a threat, war, or battle? All apple is trying to do is what google did over time, and that's make it mapping service better... Oh and one more thing, google acquired outside help too buddy.
4. Insignificant posted on 12 Dec 2012, 10:36 4 2
'Y must it b a threat, war, or battle?'
Because it's Apple.
5. darkkjedii posted on 12 Dec 2012, 10:38 2 2
Yeah ok dude
2. theoak posted on 12 Dec 2012, 10:09 2 1
Tom Tom combined with Apple's vector graphics ... lots of potential.
6. Droid_X_Doug posted on 12 Dec 2012, 11:08 3 2
If Apple acquires TomTom, things are more f*cked up on the iMaps project than Apple is letting on.
8. TheMan posted on 13 Dec 2012, 00:36 0 0
So, TomTom's current market cap, about US$1.1 billion, equals about 1 week of Apple's cash flow. Garmin's is $8.1 billion. I could throw in a lot of numbers, but basically it appears to be cheaper to buy the capability at TomTom -- a current development partner -- than reinvent the wheel, probably with less risk.
9. lsutigers posted on 13 Dec 2012, 20:18 0 0
I would have thought Apple would prefer to pick up Garmin over TomTom as they are a US company versus a European company. Overall, Garmin makes better products and has much more powerful engineering capabilities than TomTom, such as marine and aviation equipment which are very good, refined and easy to use. Clearly Apple doesn't have much use for those extra Garmin divisions to pay more for them so it makes sense to pick up TomTom.
