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Is Garmin Doomed?

By Tim Beyers – Updated Apr 6, 2017 at 1:15AM

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TomTom is now available on the iPhoneiPhone.

What do you say now, Garmin (NASDAQ:GRMN) insiders? Are you still bullish after watching your chief competitor, TomTom, bring its $99 GPS software to Apple's (NASDAQ:AAPL) iPhone App Store?

How could you be? Software is already making smartphones smarter than they've ever been, and Intel (NASDAQ:INTC), Advanced Micro Devices (NYSE:AMD), and NVIDIA (NASDAQ:NVDA) are making more and better brain-boosters for small devices.

A market of smarter smartphones means that stand-alone GPS devices could soon go the way of the print server. TomTom's software brings you and the rest of us one step closer to those dog days.

That's annoying. CAPS All-Star catoismymotor explains why:

Despite the reservations and the $99 price tag, the TomTom app for the U.S. and Canada was already the No. 2 most popular paid GPS application in the App Store as of Monday afternoon, and it's only a matter of time before TomTom starts releasing updates to iron out the kinks.

You're supposed to be the unquestioned leader in this market, Garmin; the company who saw this coming so long ago, you announced plans for a smartphone of your own. You have GPS software for Research In Motion's (NASDAQ:RIMM) BlackBerry. You've teamed with Nokia (NYSE:NOK), owner of your primary digital map keeper (and one-time Motley Fool Stock Advisor selection) Navteq. Your GPS software is everywhere -- except on the iPhone.

What's that? It doesn't matter, you say? Prove it. Buy more shares, Garmin insiders. Show us you've a plan to keep your core business from dying a very slow, painful death. TomTom and Apple have their hands at your throat, and they're squeezing.

Get your clicks with related Foolishness:

Apple, Garmin, and NVIDIA are Stock Advisor selections. Intel and Nokia are Inside Value picks. Try any of our Foolish newsletter services free for 30 days.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He owned stock and options positions in Apple and a stock position in Nokia at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. The Motley Fool is also on Twitter as @TheMotleyFool. The Fool's disclosure policy is trying to locate a good jelly doughnut.

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Stocks Mentioned

Garmin Ltd. Stock Quote
Garmin Ltd.
GRMN
$82.33 (-0.53%) $0.44
Apple Inc. Stock Quote
Apple Inc.
AAPL
$150.77 (0.23%) $0.34
Nokia Corporation Stock Quote
Nokia Corporation
NOK
$4.24 (-0.47%) $0.02
Intel Corporation Stock Quote
Intel Corporation
INTC
$26.97 (-2.00%) $0.55
NVIDIA Corporation Stock Quote
NVIDIA Corporation
NVDA
$122.28 (-2.30%) $-2.88
Advanced Micro Devices, Inc. Stock Quote
Advanced Micro Devices, Inc.
AMD
$66.30 (-2.44%) $-1.66
BlackBerry Stock Quote
BlackBerry
BB
$4.97 (-1.97%) $0.10

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