Apple licences maps with TomTom, Garmin stock lower

Apple just unveiled iOS6 couple of days ago. One of the things we were looking forward to was the new Maps feature in iOS6. The new feature in iOS will stop using Google Maps and will apparently use maps data from TomTom along with map related data. We’re not sure what Apple will be using to generate turn by turn directions when the OS will be released in fall though.

TomTom shares rose 25% within the last 5 days where as Garmin shares lost 5%.

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