twice connect
careers

TomTom: North American PND Market Fell 26% In ‘13

Amsterdam, The Netherlands — Retail-level unit sales of PNDs in North America fell 27 percent in the fourth quarter compared with the year-ago period and dropped 26 percent for the full year, GPS supplier TomTom said in its latest financial report. 2/11/2014 10:26:00 AM Eastern

Amsterdam, The Netherlands — Retail-level unit sales of PNDs in North America fell 27 percent in the fourth quarter compared with the year-ago period and dropped 26 percent for the full year, GPS supplier TomTom said in its latest financial report.

Sell-through fell to 1.8 million units in the quarter and to 5.4 million units for the entire the entire year.

TomTom estimated its fourth-quarter share at about 15 percent, down 4 percentage points from the year-ago period

The company’s consumer revenues, consisting of PNDs and new product such as GPS sports watches, fell 12 percent in the quarter to 165 million euros ($225 million) and fell 11 percent for the year to 567 million euros ($773.3 million).

Consumer products accounted for 59 percent of the company’s full-year revenues.

Overall sales – including automotive, licensing and business solutions – fell 7 percent in the quarter and by 9 percent for the full year to 963 million euros ($1.31 billion).

Net profits fell in the quarter to 3 million euros and fell 84 percent for the year to 20 million euros.

PHOTOS
Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in

ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World