Brutal: Garmin and TomTom stock after Google’s announcement of free navigation.
I hate the stock market herd mentality.
This has been a long time coming. The herd mentality in play here is the joint realization that building your business around single-use, consumer, networked devices is not a good idea. Moore’s Law will obliterate you. The big winners will be the people that create multi-use platforms where unitasker products can be built upon. Apple. Google.
BTW, what was the long term strategy for TomTom and Garmin? Both must have realized that mobile was their end-game, hence their forays into the space: Garmin with an actual device and TomTom with software. The thing is, mobile is a cut-throat space where established businesses with hoards of data and capital have been staking claims within for the last decade.
And we’ve seen this time and time again. Apple developers always feared the kiss of death from Apple: that Cupertino would incorporate their function into their OS. (It’s telling no one really had those fears regarding Redmond.) Google has the data behind it to casually turn on features that kill entire verticals, especially around the maps product.
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inkyeagle reblogged this from soupsoup
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siminoff reblogged this from david-noel and added:
I am starting to feel like a broken record but I will say it again, if you are in the technology space
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hellonewworld reblogged this from banalitycheck and added:
Garmin and TomTom stock after...of free navigation.
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dbreunig reblogged this from himmelsblog and added:
This has been a long time coming. The herd mentality in play here is the joint realization that building your business...
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femmebot reblogged this from mokoyfman and added:
Damn you disruptive technology!
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ellens reblogged this from david-noel and added:
Really crossing my fingers that this will be better than using regular Google Maps on my 3GS. I’ve gotten lost a lot...
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caterpillarcowboy reblogged this from david-noel and added:
market herd mentality.
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david-noel posted this