TMOAF - TomTom: Challenges Ahead Despite Good Q3 2018 Results
With the Q3 2018 earnings, management raised again its guidance for the FY 2018. The good results confirmed the success of the transformation after the decline of the personal GPS devices.
But TomTom (OTCPK:TMOAF) is now facing the threat of increasing competition. The technology giants like Alphabet/Google (GOOG) (GOOGL) and Apple (AAPL) are developing and expanding mapping solutions for the automotive industry.
To face these challenges, TomTom is considering selling its growing Telematics business. With a comfortable net cash position, the market values the company at