Will TomTom move down after disclose of earnings in april '18 ?
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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