smartphone software and the European debt crisis worsening responsible personal car navigation systems

TomTom

reduce its forecast annual results on Tuesday, citing declining sales of its database of car navigation devices in Europe.

largest European carmaker the navigation devices and one of the top three manufacturers of digital maps in the world seeking to increase sales of their navigation devices and services to carmakers to compensate the declining popularity of SAT-NAV staff.

But the European automotive market has declined as a result of the debt crisis in the region, with sales in September fell to their fastest pace in 12 months, while that spending cuts bite and unemployment increases public.

TomTom announced Tuesday that it now expects revenue for 2012 of approximately ? 1.05 billion (£ 850m), against a previous forecast of ? 1.10bn.

"The economic situation in Europe is having a significant impact on the automotive industry. Expect our vehicle revenue while under pressure in the coming quarters, "said CEO Harold Goddijn in a statement.

TomTom users, including PSA Peugeot Citroën, Renault and Fiat have suffered the largest declines in car sales in Europe.

group revenue fell 19 percent from the same period last year, a decrease of 24 percent in unit consumption and a decrease of 16 percent in the division automobile.

Its shares have fallen from a peak of ? 56 in 2007 to ? 3.9 as smartphones with navigation request sidewalk cheap or free software for its personal navigation devices.

Goddijn refused to give a perspective or the NDP for the automotive industry next year and also refused to comment on recent problems Apple customers on the quality of the final application Apple card.

Find best price for : --TomTom--