We all knew this day would come and we all knew when it did it would bring the usuals, namely the price of free.
Google announced it would release a free, GPS navigation app with turn-by-turn navigation for Android with the promise that they have an iPhone version in the works.
So what happened to Garmin and TomTom today?
Garmin dropped 14%, TomTom 36%.
Google went up nearly 10%!
All of this on the heels of TomTom releasing their $200+ GPS navigation system for the iPhone. Oops much?
Related articles by Zemanta