Trouble For GPS Makers: Google Offers Free Turn-By-Turn Directions On Android Phones

Wow, the trouble are really piling up for the makers of GPS devices. Earlier today , TomTom (TOM2.AS) posted disappointing results for the third quarter, in part due to lower-than-expected pricing for personal navigation devices. Combined with a cautious outlook for the fourth quarter, the news pressured shares of rival Garmin (GRMN) . Making things worse, Google (GOOG) is now offering free turn-by-turn directions for Android phones. You know what the implication of that is:
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Tags: Android, Fourth Quarter, Free Directions, Garmin Grmn, Goog, Google, Gps Devices, Implication, Navigation Devices, Outlook, Personal Navigation, Wow