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RumorTT: Apple to acquire TomTom to help them with their failing Maps app

RumorTT: Apple could acquire GPS and mapping company TomTom

| Business, Financial & Legal News | Posted: Dec 13, 2012 5:36 am

We all know what a complete epic fail Apple's (NASDAQ:AAPL) iOS 6 Maps app has been, and will continue to be for the foreseeable future - but Apple have loads of cash in their pockets, so why not use some of it to ease this pain? Well, according to an Netherlands-based analyst, it looks like Apple are interesting in acquiring GPS and mapping company TomTom.




Hand Slob, a Rabobank International analyst told investors today that there is a 30% chance that Apple will make an offer on TomTom. Slob told investors that TomTom needs the cash, and Apple is equally as desperate for mapping data to help their Maps application on iOS 6. Slob says that TomTom have the ability to make vast and quick changes that could fix Maps' issues. Not only that, but TomTom could quickly implement new features and abilities to the Maps app much quicker, and with less problems, than Apple.


This is all just rumors at the moment, but it would really make sense for Apple to do this. Right now it seems they're on a downward spiral, but would this help Apple at least put out one of their fires?


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