toggle

AAPL Stock: 113.29 ( + 0.37 )

Printed from http://www.macnn.com

TomTom claims over 100,000 iPhone app downloads

updated 04:40 pm EST, Fri February 19, 2010

Figure took six months to achieve

Over 100,000 copies of the TomTom iPhone app have been downloaded, the company claims in its latest quarterly results. The title is one of the more expensive ones at the App Store, currently costing at least $60 in a US-only edition. It does however supply functions not available in Google Maps, namely turn-by-turn instructions.

The downloads have contributed to a profit of over $99.2 million in TomTom's fourth quarter, in stark contrast with the same quarter a year ago, when it lost more than $1.3 billion as result of debt from buying map producer Tele Atlas. Still more problems lie ahead, as comparable GPS apps are now being offered for free on some phones by Google and Nokia. The Google app, Maps Navigation, could become available for the iPhone later this year pending a firmware update.

"The industry we operate in is going through substantial change," notes TomTom's CEO, Harold Goddijn. "Increasingly, digital maps are being deployed in the battle for mobile phone screens, either via smartphone or mobile Internet applications."

Goddijn insists however that the free apps are unlikely to affect TomTom profits, and that some opportunities may come through new partnerships and business models in the mobile realm. The executive has not elaborated on such statements, but the company could easily sell its maps and/or technology to various smartphone makers and carriers.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. facebook_Julio

    Via Facebook

    Joined: Feb 2010

    +2

    Kudos...and a clarification

    As someone who used the TomTom app on a recent piece, I find it interesting that the app is so popular despite its exorbitant cost. On the same trip, I also used Google Maps, which DID have turn-by-turn directions -- on the Google Android Nexus One handset I had. Just clarifying that for your readers. I hope to see the same Google navigation brought over to the iPhone, which I assume would make TomTom and other apps more affordable.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

Wren V5US Wireless Sound System

If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

toggle

Most Commented