Navigon Pulls Out of U.S. GPS Market

Fare thee well, gentle friend. Those of us who cover GPS devices knew something was up: Navigon PR visited New York City on April 20th for three days of press demos, but unexpectedly flew back to Chicago that night, cancelling most appointments. The inside word was that something big was happening, but no one was saying what.

That question was answered this morning when Navigon announced it was leaving the PND (personal navigation device) market in North America. Speaking to GPS Business News, Navigon's chief executive Egon Minar said, "Due to the difficult economic environment and the aggressive pricing we have decided to withdraw from the PND business in North America for the time being. We are however not closing down our Chicago office which will continue to serve our automotive and mobile phone businesses in North America."

Via PCmag

Share this Post with other