TomTom shares rise as talk of Apple buy-in spreads
Date: Friday, June 12 @ 13:12:31 UTC
Topic:
 TomTom shares have risen nearly 10% as speculation that Apple are considering a stake continued.
Shares reached an 8 month high this morning as a result of the gossip although some traders think it unlikely that Apple will seek to grab a stake.
Earlier this week TomTom took centre stage during the Keynote opening speech at Apple's World Wide Developer Conference where they were chosen to take the lead announcement of the first iPhone Navigation application.
TomToms decision to design a custom car cradle that has its own GPS receiver is interesting given the talk of Apple taking a stake. Admittance that the iPhone needs help with GPS reception would not normally be seen as a positive yet Apple still chose TomTom from a number of manufacturers to demo during the Keynote speech.
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