TomTom is struggling.
That is no secret.
The businessmodel of selling navigation-devices to the public is destroyed by Google Maps and by onboard navigation in new cars.
They tried wearables, but it did not work out so they abandoned it.
They work on automated driving software now, but that will not replace the cashcow for time to come.
Their most valuable asset at this point is the maps-division.
The hope of investors is a takeover by Apple.
Might happen, but TomTom as a company is cornered.
Looking for more downside to come.
That is no secret.
The businessmodel of selling navigation-devices to the public is destroyed by Google Maps and by onboard navigation in new cars.
They tried wearables, but it did not work out so they abandoned it.
They work on automated driving software now, but that will not replace the cashcow for time to come.
Their most valuable asset at this point is the maps-division.
The hope of investors is a takeover by Apple.
Might happen, but TomTom as a company is cornered.
Looking for more downside to come.
Sultan of Swing
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Sultan of Swing
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.