The death of dedicated satnav cometh as TomTom posts poor Q3 sales?
Highly rated gadgets
-
10.0
FujiFilm X-T3
-
9.0
Panasonic LUMIX LX100 II
-
9.0
Sony WH-1000XM3
-
10.0
Nikon Z 7
-
9.0
FujiFilm XF10
-
9.1
Apple iPhone XS Max
-
8.5
Xiaomi Mi A2
-
9.1
Apple iPhone XS
-
8.0
BlackBerry Motion
TomTom has recently posted some rather unhealthy Q3 sales as the company sees further drop in demand for dedicated GPS units.
The Dutch company, who has been at the forefront of the satnav industry for many years aims to cut 50 million euros in costs, which will hopefully help it turn a decent profit in the coming months. The savings will also mean job cuts ofr many of its staff.
Despite a 50 per cent rise in its Q3 profit, due in large degree to depreciation of the euro against the dollar, it seems TomTom struggled - with sales falling 10 per cent in the same period to 336 million euros. »read more
More at: Pocket-lint Add additional source
Filed in: GPSTomTom