Examine This Report on As Nokia Looks To Sell HERE Maps, The Map Wars Are

Jones stated, as more manufacturers develop global placing satellite receivers into handsets and ultimately, create sales from services selling detailed mapping information."We are starting to see this removing," Mr. Jones stated. "We see a big chance for handset vendors and think that having maps in your pocket and something that can discover things or locate you will be a plus."Gavin Byrne, an analyst in London at research study company Informa Telecoms and Media, stated Nokia's purchase of Navteq would allow the phone maker to stop the slide in list prices and volume projection for the market.

6 percent annual growth from 2007 through 2012. In addition, the typical list prices of most handsets is decreasing by an average of 10 percent each year, Mr. Byrne stated. "Against this background, the addition of navigational software application to high- and mid-end phone models ought to help Nokia stop the decrease in typical prices," Mr.

Nokia - GLIMMA

Our Navteq Sale Approved - WBEZ Chicago Diaries

He kept in mind that GPS receivers tend to draw down mobile phone batteries quickly and seeing screens are still little. But in the next 2 to 3 years, Mr. Byrne stated he anticipated Nokia and other makers to establish models that will make the most of GPS tracking functions.

Why Nokia Is Calling “Here” Here, The Curious Rebranding Of Their Maps Product - TechCrunch

Nokia has announced plans to obtain Navteq, the individuals behind the maps in your GPS system. The Finnish business is paying $78 per share, less the $400 million money that Navteq has in the bank. Find More Details On This Page comes to a whopping $7. 7 billion. This shows that Nokia is major about GPS.

Nokia, Navteq develop smart car technology - Comms - siliconrepublic.com - Ireland's Technology News Service

Fascination About Options rich for Navteq chief - Chicago Tribune

Nokia is definitely innovating, however it may likewise be feeling the heat from a specific competitor, and some of its current actions resemble panic.News release [Nokia] Nokia sees GPS phone lineup expanding [Reuters]

Navteq, Type, Public, MarketGPS information and services, Navigation software, Founded1985 (Karlin & Collins, Inc.)1987 (Navigation Technologies Corporation) 2004 (NAVTEQ)Defunct2011 (2011) (Changed by Nokia HereFate, Merged into moms and dad Nokia to end up being Nokia HereHeadquartersChicago, Illinois, United States, Key individuals, Michael Halbherr, EVPRevenue, US$ 853 Million (at 2007-12-31 prior to takeover)US$ 226 Million (at 2007-12-31 prior to takeover)US$ 173 Million (at 2007-12-31 prior to takeover)US$ 1.