Sony Pulls Out Of European GPS Market

Sony will be discontinuing all European GPS models in 2008 and has no plans to offer any new or updated models, though they say they “will not discontinue the GPS business”.  With TomTom enjoying a 50% market share in Europe, it’s increasingly difficult for Sony to operate a profitable business in the territory as both development costs and price competition skyrocket.

Sony hasn’t ruled out future product launches in Europe should the proper competitive and market conditions arise.

via pocketlint

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