Feeds

Philips loses interest in navigation

Steers clear of crowded market

High performance access to file storage

Philips has gone into reverse on plans to enter the market for personal navigation devices because of fears the sector is getting too crowded.

Consumer electronics division chief executive Rudy Provoost confirmed the U-turn to analysts today.

Philips demonstrated its navigation products at the IFA fair in Berlin a couple of months ago, aiming for a launch in early 2007.

Philips was planning to develop its own navigation devices on a "smart cradle". The moment the navigation device would be placed on this docking station - mounted on the car windscreen - the main functions would be accessed through the docking station controls. The docking station would also incorporate a built-in amplifier and loudspeaker.

The Philips PNS range, announced in June, consisted of three models. Some would have included a built-in Traffic Message Channel (TMC) receiver to automatically warn of roadworks or traffic jams and suggest alternative routes.

However, under concerns that increasing competition would result in low profitability, Philips today confirmed that none of these products would be released.

Shares in navigation market leader TomTom rose on the Amsterdam blue-chip AEX index as a result of the news.

TomTom also faces increasing competition from companies such as Nokia and Samsung. The navigation market has grown from a niche market to an estimated six million to nine million units this year in Europe alone.®

Combat fraud and increase customer satisfaction

More from The Register

next story
Leaked pics show EMBIGGENED iPhone 6 screen
Fat-fingered fanbois rejoice over Chinternet snaps
WTF happened to Pac-Man?
In his thirties and still afraid of ghosts
Rounded corners? Pah! Amazon's '3D phone has eye-tracking tech'
Now THAT'S what we call a proper new feature
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
US mobile firms cave on kill switch, agree to install anti-theft code
Slow and kludgy rollout will protect corporate profits
Happy 25th birthday, Game Boy!
Monochrome handset ushered in modern mobile gaming era
Leaked photos may indicate slimmer next-generation iPad
Will iPad Air evolve into iPad Helium?
True optical zoom coming to HTC smartphone cameras
Time to ditch that heavy DSLR? Maybe in a year, year and a half
Report: Apple seeking to raise iPhone 6 price by a HUNDRED BUCKS
'Well, that 5c experiment didn't go so well – let's try the other direction'
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.