Philips scraps plans for GPS Navigator

Philips is not going to product a GPS Navigator after all. Probably inspired by the pigs arse Sony mande of their Navu, Philips are going to leave this market to TomTom and Garmin and all the other players.

I think the next phase will be the smaller GPS companies folding...and Garmin and TomTom establishing a strangle hold (even more so) over the market.

Rudy Provoost of Philips told analysts at a meeting that Europe's biggest consumer electronics producer would not enter the market for navigation devices, citing existing competition and the low profitability of introducing a new product in a saturated market