July 2, 2018 / 10:37 AM / 3 months ago

BUZZ-Shares in TomTom fall 5.8 pct after Apple remarks

AMSTERDAM, July 2 (Reuters) - ** Shares in TomTom down 5.9 pct to 7.31 euros on Apple remarks

** Apple said on Friday it is rebuilding its iPhone mapping application using its own data

** Apple currently uses TomTom’s digital maps

** Apple said TomTom would continue to be a provider.

** Apple hired TomTom in 2012 and renewed their contract in 2015 but details have never been public.

**TomTom shares are now down 11 pct year to date (Reporting by Toby Sterling)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below