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GPS Device Vendors Feeling the Pain
By Christopher Versace
Jun 12, 2013 | 9:30 AM EDT
The last 48 hours have not been good for GPS device companies like Garmin (GRMN), VOXX International (VOXX) TomTom NV (AMS: TOM2), MiTAC International (TPE: 2315) and Nokia's (NOK) NAVTEQ business.
At the Worldwide Developers Conference on Monday, Apple (AAPL) not only unveiled an updated Maps offering -- including a new desktop version -- it said that the company is working with automotive companies for Siri integration. That dashboard integration would enable several services, including the ability to bring a map up.